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It is the price mechanism

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Related Questions

How can the basic economic problem solved in a capitalist economy?

It is the price mechanism


Basic economic problem will not be solved by?

which one of the following is not one of the basic economic question


How are the basic economic problems solved in economies?

this sucks


What is it called when the basic problem is solved in a book?

It is the Solution


What do you understand by basic economic problem?

The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources


Why do all countries face the basic economic problem?

The basic economic problem is about scarcity and choice, which every society has to deal with.


What are the basic steps in solving scientific notation?

Scientific notation is not a problem that needs to be "solved".


What are the basic problem in the Philippines?

The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.


What is the basic economic problem that makes choices necessary?

The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.


How does a traditional economy differ from a capitalist economy?

In a capitalist system, the government answers the three basic questions.


What are the three economic problem that all economies face because ofthe basic economic problem?

The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.


Which basic economic problem does the US share with all other nations?

Scarcity of resources