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State and explain the five fundamental economic questions any society must answer in attempting to achieve and maintain efficiency in the use of its scarce economic resources?
1) Decide what to produce. 2) Decide how to produce. 3) Decide how to divide the output 4) How will the economy adapt to the changing environment. 5)Don't do any of it.
What do economic questions deal with?
Economics analyzes the production, distribution, and consumption of goods and services. Economics tries to explain how economies work and how economic elements interact.
Is weight a fundamental?
Is weight a fundamental unit? Please explain Regards
Explain the economic characteristics of the command and market economic?
Explain the economic characteristics of the command
Describe the two types of economic analysis and explain at least three of the questions which each type of analysis attempts to answer?
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Explain how fundamental economic questions are addressed in a capitalist economic system?
Well, in a capitalist economic system, fundamental economic questions are addressed through the interaction of buyers and sellers in the market. Individuals and businesses make decisions based on their own self-interest, leading to the determination of what goods and services are produced, how they are produced, and for whom they are produced. It's like a beautiful dance where supply meets demand, creating a harmonious balance in the economy.
Is weight a fundamental unit?
Is weight a fundamental unit? Please explain Regards
What is the email address of bangladesh prime minister?
The email address of Bangladesh PM is not public. He could explain it as privacy issue.
Explain the relaionship between Bangladesh and Pakistan and their connection to India?
Bangladesh and Pakistan were once a joint country from 1941 to 1971 until bangladesh declared independence.Both Bangladesh and Pakistan was a joint country from the years 1941 to 1971. They were a joint country until Bangladesh wanted freedom.
What is A theory that tries to explain human economic behavior is?
economic system
How do questions about force impact our understanding of physics?
Questions about force are essential in physics as they help us understand how objects interact with each other. By studying force, we can analyze the motion of objects, explain why things move the way they do, and predict future movements. In essence, questions about force are fundamental to our understanding of the physical world and how it operates.
What does a myth explain?
Existential questions.
