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private property, profit motive, competition
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What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
What are the 3 fundamental questions that all economic systems must answer?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
What is allocation in economics?
The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.
What are the three different economic system?
traditional economic system command economic system market economic system
What are the first three steps in the process of making an ethical decision?
Identify the problem, identify any competing ethical positions or principles, and go over ethical guidelines.
What are the three principles from which the metric system is based?
s
The three domain system recognizes fundamental differences between two groups of?
It recognizes fundamental differences in prokaryotes.
The three-domain system recognizes fundamental differences between two groups of?
Prokaryotes
What are the three fundamental principals of mnemonics?
The three fundamental principles of mnemonics are organization, visualization, and association. Organization involves structuring information in a meaningful way, visualization involves creating mental images to aid memory retention, and association involves linking new information to existing knowledge or experiences.
What are the three fail-safe principles?
The three fail-safe principles are: redundancy (having backups or duplicates in place), diversity (using multiple approaches or systems to achieve a goal), and granularity (breaking down a system into smaller, more manageable components). These principles help to ensure system reliability and minimize the impact of failures.
What are the three fundamental characteristics of data communication system?
Effectiveness of data communication system depends upon three fundamental characteristics 1. Delivery 2. Accuracy 3.Timeliness. 1.Delivery : System must deliver data to correct destination. 2.Accuracy : System must deliver data accurately. 3.Timeliness: System must deliver data in correctly manner.
Which three principles is Japan's constitution based on?
Japan's constitution is based on sovereignty of the people, respect for fundamental human rights, and renunciation of war. This has led to a very disciplined society with a strict code of honour.
Which of the Three Principles of the People represents the people's rights and powers?
what were the three principles of the people
What are the three fundamental dimensions used in Physics?
Length, mass, and time are the three fundamental dimensions on which the measurement of all physical quantities is dependent.
The three fundamental phases of matter?
fundamental phase of matter are solid,liquid,gas,ion
What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
Identify 3 principles of good recording?
three principles of good recording
