The three main tasks of economics are said to be: what to produce, how to produce, and to whom it will be distributed. These coordination functions can occur under different organizational structures--markets, centrally planned economies,or collective property or tribal arrangements.

In your words can you compare and contrast how markets systems may be more efficient in generating ever-larger amounts of material output but income distribution patterns may be less sanguine in a free market system compared to a collective system or to a top-down command and control system.

RESPONSE REQUIREMENTS

• Would you say that free-market systems are good at producing goods and services but not so good at guaranteeing an equitable distribution?Do you Agree or Disagree?
• In market systems what is the most important factor that determines distribution?In tribal-collective property societies, how is distribution determined?.Make 3 to5 valid points to support the position taken.