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Traditional
Market
Mixed (all 3 combined, but mainly command and market)
Command
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∙ 13y ago
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What are the four basic types of economic systems?
markets
The three basic economic systems are?
Mixed free and planned ((;
What three basic questions do economic systems address?
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?
What do economics systems of other countries have in common with the US?
They face the same basic economic problems
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
What do the economics systems in other countries have in common with the economic system of the us?
They face the same basic economic problems
What do three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What are the 4 economic systems?
The four types of economic systems are the traditional economy, the market economy, the command economy, and the mixed economy. Of these, the traditional economy is the most basic.
What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
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 the three basic economic systems called?
glodor,metoer,zecram,and medaglia goro
