History, 27.06.2019 09:00 robsantana11

You're a part of a club that wants to create a booth at a fair to raise funds. which economic system would you use to decide what booth to create, how to set it up, and who should get the money it raises? use a paragraph of not less than five sentences to explain your answer.'

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Governments and countries use economic systems to distribute resources, trade products, and services. They are used to manage labor, physical resources, entrepreneurs, capital, and information resources, which are the five components of production.

The Market Economic System is used for the given scenario to decide the booth creation and fund-raising activities.

Market Economic Systems:
Because our club and I would be making our own decisions, we would choose the market economy system. I'd be able to tell what kind of booth I want to build, how to set it up, and who should be the money treasury. This is similar to how the market economic system can decide what commodities to produce, how to generate them, and who obtains jobs.The other systems:
I wouldn't be able to state what I think about the booth if it weren't for the Command market system. Even if I didn't agree, an instructor would tell me how to build the booth. This is similar to the Command system in that the government determines what the economy wants and needs.

So, if I had to choose what type of booth to build, how to put it up, and who should receive the funds raised, I would choose the market economy system.

For more information about economic systems, refer to the link below:

link?

Answer from: zoeedadoll

In my opinion, the booth should be organized following the model of an anonymous company, because the stand has a common objective and not an individual one.

Therefore, the constitution of the same should be equal in terms of expenses, and the same should happen with the profits. If a member could not contribute the same amount as their partners, his profit should decrease.

All members would be responsible for the booth to the extent they have participation, which would be marked by the money they contributed to create the booth.

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