Mixed free and planned ((;
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
Societies answer the three economic questions based on their values!
Market economy,traditional economy,command economy and mixed economy
Each system represents different answers to the four basic economic questions.
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
Societies answer the three economic questions based on their values!
Each system represents different answers to the four basic economic questions.
glodor,metoer,zecram,and medaglia goro
Each system represents different answers to the four basic economic questions.
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
what three questions must all economic systems answer?
markets
They face the same basic economic problems
There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system
The three types of economic systems are centrally planned, traditional, and free market (or capitalist).