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process by which people choose how to use limited resources in order to meet their needs
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∙ 13y ago
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What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
What is an economic system run by the government?
The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
What is the economic system that promote economic equality?
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.
What is the best economic system for consumers?
mixed
What type of economic system did Adam smith provide?
Adam Smith was well into his beliefs that a free economy was the best economic system.
What is the best mixed economic system is it liberal socialistic or democratic economic system?
democratic is the best ever
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
What is the definition of TELUS?
It means Transportation Economic Land Use System
What is an economic system run by the government?
The definition of a state-run economy would be Communism but there is no definition of providing for its citizens.
What is the economic system that promote economic equality?
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.
What is the definition of political System?
A system of politics and government. It is usually compared to the legal system, economic system, cultural system, and other social systems.
What is the best economic system for consumers?
mixed
What type of economic system did Adam smith provide?
Adam Smith was well into his beliefs that a free economy was the best economic system.
Which country is the best example of a capitalistic economic system?
Vietnam
What economic system best for entrepreneurship?
Regulated open market.
What are the criteria in choosing the best economic system model?
abudance
What BEST describes china's economic system?
mixed/command
