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What term is used to refer to the basic support systems that a nation needs to keep its economy running smoothly?
Infrastructure.
What term is used to refer to the basic support systems that a nation needs to keep it economy running smoothly?
Infrastructure.
How are the economy and the infrastructure related to each other?
The economy consists of the exchanging goods, productions, and services among a group of people; infrastructure is the basic support system needed to keep an economy going.
The most basic economic system is?
command economy
What are the 3 basic economic system models?
The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
In which economic system do individuals answer the basic economic questions?
market economy
Which operating system does not support for java?
Commodore 64 Basic
What type of economy answers the three basic economic questions?
3 types of economic system
Economic system which people and privately owned companies own basic and non basic businesses?
Capitalism
What are the two basic activities undertaken in any economy?
two basic activities undertaken in an economy
What are two important factors that influence the way people meet their basic needs?
Economy but I don't kow the other unless it is the support team.
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