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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?
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 three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What do all three economic systems have in common?
Each system represents different answers to the four basic economic 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 combines the elements of pure economic systems?
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?
what three questions must all economic systems answer?
The economic system that answers the three basic economical questions according to social customs is called?
Traditional
Three types of economic systems?
There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system
What are the three types of economic systems?
The three types of economic systems are centrally planned, traditional, and free market (or capitalist).
