based on the lesson, how are individuals and economies similar?\no they both must decide how to allocate…

based on the lesson, how are individuals and economies similar?\no they both must decide how to allocate resources.\no they both must carefully categorize available resources.\no they both must recognize the issues with nonrenewable resources.\no they both must choose whether to use more renewable resources.

based on the lesson, how are individuals and economies similar?\no they both must decide how to allocate resources.\no they both must carefully categorize available resources.\no they both must recognize the issues with nonrenewable resources.\no they both must choose whether to use more renewable resources.

Answer

Brief Explanations:

Individuals have limited time, money and energy and must decide how to use them. Economies deal with limited resources like labor, capital and natural resources and must allocate them among different production and consumption activities. Allocating resources is a key - decision for both.

Answer:

They both must decide how to allocate resources.