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All economic systems are concerned with which of these same problems?
Wiki User
∙ 14y ago
what, how, how much, and for whom to produce
Wiki User
∙ 14y ago
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What do the economic systems of other countries have in common with the economic system of the US?
They face the same basic economic problems
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
All countries rich or poor large or small face the same basic economic problems and questions?
true
What is the 3 factors of economic systems?
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
Describe the key principles of socialist and communist economic systems?
Socialism and Communism are the same: a classless stateless society based on production for use, with no classes or rulers or money or borders. Just people working together for the common good. And no economic system.
What do economics systems of other countries have in common with the US?
They face the same basic economic problems
What do the economics systems in other countries have in common with the economic system of the us?
They face the same basic economic problems
What do the economic systems of other countries have in common with the economic system of the US?
They face the same basic economic problems
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
All countries rich or poor large or small face the same basic economic problems and questions?
true
What is current problems facing Canada?
Economic situations, Quebec Nationalists, deteriorating infrastructure, Government waste all much the same problems as anywhere else in North America.
What is the 3 factors of economic systems?
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
What word is the same as concerned?
Worried
Why were many African American leaders oppoesed to the Vietnam war?
They saw the Vietnam War and oppression against blacks as symptoms of the same unjust political, economic, and social systems.
Describe the key principles of socialist and communist economic systems?
Socialism and Communism are the same: a classless stateless society based on production for use, with no classes or rulers or money or borders. Just people working together for the common good. And no economic system.
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
Why is having a single currency in the EU needed?
It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.
