The four fundamental questions of economics are:
1-What will be produced?
2-How will the goods and services be produced?
3-Who will get goods and services?
4-How will the system accommodate changes?
I hope this helps you. Good luck!
Societies answer the three economic questions based on their values!
Each system represents different answers to the four 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.
market economy
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
Societies answer the three economic questions based on their values!
Each system represents different answers to the four basic economic questions.
Each system represents different answers to the four 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.
market economy
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
market
According to how the three basic economic questions are answered.
traditional
market aPLUS
Free Enterprise
Free Enterprise