Economics analyzes the production, distribution, and consumption of goods and services. Economics tries to explain how economies work and how economic elements interact.
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
The three key economic questions are: What to produce? How to produce it? Who will consume it?
Economic system are created by people to deal with the problem of?
They are questions which deal with rectangular arrays.
what three questions must all economic systems answer?
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
Societies answer the three economic questions based on their values!
The government answers the three economic questions in a command economy.
They are questions which deal with rectangular arrays of elements.
I invented the new deal and the deal is that you stop asking questions
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
market economy