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What kind of economy has land inherited and people use or trade the goods they produce?
Wiki User
∙ 12y ago
There are 4 types of economies...
1. Market
2. Command
3. Mixed
4. Traditional
For more information, see the link below.
Wiki User
∙ 12y ago
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Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
People are both producers and products of the society discuss?
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
What to produce mixed economy?
You should produce mixed goods in a mixed economy.
What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
People are both producers and products of the society discuss?
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
Produce goods in sufficient numbers to reduce the unit cost?
economy of scale
In order for the economy to be strong businesses must?
A. Produce goods and pay workers
