All economic systems must decide what to produce because
Answer Details
All economic systems must decide what to produce because resources are limited in supply. This means that there are not enough resources available to produce all the goods and services that people want. As a result, every economic system must decide what goods and services are most important to produce with the limited resources available. This decision-making process is crucial for allocating resources efficiently and maximizing the benefits of production. The choice of what to produce depends on a range of factors including consumer preferences, resource availability, technology, and the economic system in place.