What is an economic concept necessitating choices and priorities in any society?
Any encyclopedia entry illustrating how a hunter-gatherer group collects and shares food resources is decribing that society's _________.
-Would it be economic system??
Economic System
thanks
Economic system
economics
Economic concept necessitating choices and priorities in any society:
Yes, the economic concept that necessitates choices and priorities in any society is the economic system. It refers to the structure and organization by which a society allocates its resources and produces, distributes, and consumes goods and services. Economic systems vary across different societies, and they strongly influence the decisions and priorities individuals and groups make regarding production, consumption, and distribution.
In the context of an encyclopedia entry illustrating how a hunter-gatherer group collects and shares food resources, the term you are looking for is "economic system." The entry would describe the ways in which the hunter-gatherer society organizes its economic activities, such as hunting, gathering, and sharing food resources. It might highlight their decision-making processes, distribution methods, and any cultural norms or practices related to the economic system within that specific society.