0
What else can I help you with?
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
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.
What are the 3 basic economic questions faced by every society?
This is really simple it is like for who, what, and where . You should have learned this information in middle school. Here is the 3 basic questions that every society needs to answer. How to distribute, What is the item?, and For whom to produce?
What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
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.
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
What are the 3 basic economic questions faced by every society?
This is really simple it is like for who, what, and where . You should have learned this information in middle school. Here is the 3 basic questions that every society needs to answer. How to distribute, What is the item?, and For whom to produce?
What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
What are the 3 basic questions every society must answer?
I would say that it is 1.What should be produced? 2. For whom should we produce? 3.How should we produce?
What are the basic questions every society must answer?
What goods and services are to be produced with the limited resources of a society.? How can the limited resources be used to benefit the society? Who are to be benefited from the existing resources:? How can the economy change to the fluctuating environment? How can health and sustainability be addressed?
What are the 5 basic questions every society must answer?
What goods and services are to be produced with the limited resources of a society.? How can the limited resources be used to benefit the society? Who are to be benefited from the existing resources:? How can the economy change to the fluctuating environment? How can health and sustainability be addressed?
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Why is family the basic unit of society?
The family is the basic unit of society because every individual must belong to a family. A number of families together form a community or a society.
What are three economic questions every country must answer?
What to produce. How to produce. and How much to produce.
