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1. What goods and services should be produced? (goverment,producer, consumer)
2. How should these goods and services be produced? (goverment, producer, consumer)
3. For whom should the goods and services be produced?(goverment, producer, consumer)
What else can I help you with?
What three questions must all economic systems answer?
what three questions must all economic systems answer?
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).
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
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 are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What are three main economic systems of the world?
Communism, capitalism, and socialism.capitalism
What are the 3 fundamental questions that all economic systems must answer?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
What are the three economic questions that economic systems address?
1. what to produce, 2. how to pruduce, and 3. for whom to produce.
What do three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
