The text (see screenshot attachment “page 7”) describes three processes for determining what gets produced in an economy, the method of producing each item, and who receives each produced item. Choose a product or service that you are familiar with. Which one of the three processes determined that there was a need for the item to be produced? Which process determined the production method? Which process determined who would receive the item(s)? Explain.
Rubric is attached below. Also, two powerpoints are attached below for clarification on the topics assigned.
Minimum of 400 words NOT including the references.
Minimum of 3 other academic sources (NOT including the class textbook).
Reference/work cited in proper APA format.
