Article Writing Homework Help

Hi, I am looking for someone to write an article on profitability in sync with efficient allocation Paper must be at least 1500 words. Please, no plagiarized work! This economy is further categorized into three separate systems, namely Market, Planned and Mixed economy. Since the market economy is the focus of our essay. here is a brief description of the planned and mixed economy. Planned or Command economy refers to that economic system where the three basic question of economics (described later) are plan central they rather than permit private producers and consumer to have any say in the decision, similarly, all resources are also owned by the state which results in monopoly. On the other hand, countries with mixed economic system have allowed firms and individual in the private sector to own the scarce resources with the objective to earn higher profits, nonetheless, public sector or state also own resources to produce goods and services which they think people needs, for instance, water, food or defense. Coming to the three basic economic questions, which also direct agencies in different economies on the allocation of resources are what to produce, how to produce and for whom to produce. What to produce? One problem faced by the producer when there is scarcity is to decide what exactly to make and which want of the people is to be satisfied first. Now that it is decided that what to produce, second questions come into play. This question deals with the decision of choosing tools, land, workers and how much to invest. When the first and second question is answered, a final problem remains that is for whom do we produce? Since scarcity still prevails it must be decided who gets the manufactured goods the rich, poor, hardworking or lazy ones? Hence, the producer should make segments and then target a segment within the segments to allocate resources efficiently. As it is mentioned before, the market economy is topic’s focal point so it will be discussed at length.