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What three questions must all economic systems answer?
what three questions must all economic systems answer?
What is the fundamental economic questions all societies must face?
42.
What are the three questions the economic system must answer?
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
What are three questions that all economic systems must answer?
The three questions are what to make, how to make it, and who gets the product/service.
What three questions must all economic systems answer?
what three questions must all economic systems answer?
What is the fundamental economic questions all societies must face?
42.
What are the three questions the economic system must answer?
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
What are three questions that all economic systems must answer?
The three questions are what to make, how to make it, and who gets the product/service.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
What is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
What three basic questions must every society answer and why?
Every society must answer the questions of "What is produced?", "How is it produced?", and "Who receives the products?" These questions address the allocation of resources, the methods of production, and the distribution of goods and services. By answering these questions, societies can establish economic systems that reflect their values and priorities, ensuring that needs are met and that resources are used effectively. This framework helps maintain social order and economic stability.
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
A nation must answer each of these basic economic questions except?
Where should products be produced
A nation must answer each of these basic economic questions EXECPT?
Where should products be produced?
What are the three fundemental questions that every economic system must answer?
what to produce. how to produce. who gets it
