answersLogoWhite

0

It depends on the nation in which one lives. For example, in the United States, these questions are answered primarily by business owners, workers, and other individuals involved in the economy. This is called Market Economy. On the other hand, in North Korea, the government answers the questions of how, what, and for whom goods and services will be produced. This is called Planned Economy.

User Avatar

Isac Roob

Lvl 10
3y ago

What else can I help you with?

Related Questions

In a centrally planned economy the three key economic questions are answered by the what?

central government alone


In a centrally planned economy the three key economic questions are answered by the .?

central government alone


What are three key economic questions?

The three key economic questions are: What to produce? How to produce it? Who will consume it?


What questions have been answered on this site?

Click on the search button at the top of the screen. Use the first option and enter a key word. Click the 'answered questions' option.


What were the two key questions that were asked by Watson and Crick?

Watson and Crick asked two key questions in their quest to unravel the structure of DNA: 1) What is the three-dimensional structure of DNA? and 2) How does DNA replicate to transmit genetic information? They answered these questions by proposing the double helix structure of DNA and elucidating the mechanism of DNA replication.


What are the key elements of economics?

The four key elements of economics are description, analysis, explanation, and prediction. Mr. Talton Economics Teacher


Which of the following is not an economic goal that influences how societies answer the three key economic questions?

In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.


What is the walkthrough for me and the key?

There are written solutions linked to the three main questions (see the related questions below). These represent 25 levels each on Me and the key, Me and the Key 2, and Me and the Key 3 ("rise of the penguins"). There are related links to the two "hint" lists at the Bart Bonte website, and to video solutions for all three sets of games.


What are the key components of effective research questions?

The key components of effective research questions are clarity, specificity, relevance, and feasibility. A good research question should be clear and focused, address a specific issue, be relevant to the research topic, and be able to be answered within the constraints of the study.


Where do you find the key to cavern island on HorseIsle 2?

The answer to this question, and ALL OTHER HORSE ISLE 2 QUESTIONS can be answered during game play simply by clicking on "Help". There is always someone available to answer your questions.


What is 79.4 divided by 29.8?

2.6644


How much does a cubic yard of humus weight?

Use the search utility at the top right and use these key words: dirt, soil, weigh. Limit your search to answered questions in the Science category. That will turn up a few questions and answers for you.