The answer to Canada's economic questions what to produce, how to produce and, for whom to produce is decided by which 2 of the following groups yes or no
The answer to Canada's economic questions of what to produce, how to produce, and for whom to produce is not decided by only two groups. Instead, these decisions are determined through a combination of factors including government policies, market forces, consumer preferences, businesses, labor unions, and other stakeholders.
The answer to Canada's economic questions "what to produce, how to produce, and for whom to produce" is not decided by just two specific groups. In Canada, like in most modern economies, these decisions are made through a combination of market forces and government intervention.
The first group that influences these decisions is the consumers. Consumer preferences and demands play a crucial role in determining what goods and services are produced. When consumers vote with their wallets, businesses respond by producing the goods and services that are in demand.
The second group is the producers or businesses themselves. They determine how to produce goods and services by considering factors such as efficiency, cost-effectiveness, technological advancements, and resource availability. Producers analyze various production techniques, methods, and technologies to optimize their operations and maximize their profits.
However, it is important to note that the government also plays a significant role in economic decision-making. Governments set policies, regulations, and laws that shape the economic landscape. They intervene to promote social welfare, ensure fair competition, protect the environment, and address market failures. For example, the government may provide subsidies or tax incentives to encourage specific industries or regulate certain sectors to safeguard public interest.
Therefore, it is incorrect to say that only two specific groups, such as consumers and producers, determine the answers to Canada's economic questions. It is a complex blend of market forces, consumer preferences, business decisions, and government policies that collectively shape the economic choices made in the country.