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When markets or governments make economic decisions about what goods and service their resources will be use to make what economic decision are they answering?
What to produce
When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?
What to produce
When markets and governments make economic decisions what good s and services their resources will be used to make what basic economic question are they answering?
what to produce
When markets make economics decisions convert resources into goods and services?
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
When markets or governments make economic decisions about what goods and services their resources will be used to make?
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
When markets or governments make economic decisions about how to most efficiently convert their resources into goods and services what basic economic question are they answering?
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
Examples of economic choices you have to make?
different people make different economic decisions
What kind of economy does the central government make all the economic decisions?
In an economy where the central government makes all the economic decisions, it is typically referred to as a command economy or a planned economy. In this system, the government controls production, allocation of resources, and distribution of goods and services, often with the aim of achieving specific social or economic outcomes. This contrasts with market economies, where decisions are driven by individual consumers and businesses. Examples of command economies include those seen in some communist countries.
What helped make Europe a global economic power?
Europe became a global economic superpower by exploiting the resources of its colonies. Mercantilism was an economic system by which European countries benefited economically from their colonies.
What is power in countries?
Power in countries refers to the ability of a government or ruling entity to govern effectively, make decisions, enforce laws, and maintain authority over its territory and population. It can be exercised through various means such as military, economic, political, and social influence. Power dynamics in countries can be influenced by factors such as leadership, institutions, resources, and public support.
