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Price determines the answers to the three basic economic questions through the interaction of what?
Wiki User
∙ 9y ago
Price is determined based on supply and demand.
Wiki User
∙ 9y ago
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Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
How many economic questions does a country economic system provide the answers for?
Three aplus answer
How a society answers the three economic questions defines?
Shamala
What type of economy answers the three basic economic questions?
3 types of economic system
The way a country answers the three basic economic questions determines its?
traditional system.
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
Who answers the three economic questions in a command economy?
The government answers the three economic questions in a command economy.
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
How many economic questions does a country economic system provide the answers for?
Three aplus answer
Who answers the three economic questions in command economy?
government
How a society answers the three economic questions defines?
Shamala
What type of economy answers the three basic economic questions?
3 types of economic system
What type of economic system answers the basic economic questions in the circular flow?
Free Enterprise
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
How many economic questions does a country's economic system provide the answers for?
Three aplus answer
Who answers the key economic questions in a centrally planned economy.?
the government
