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What three key economic decisions must every economic system make?
Wiki User
∙ 9y ago
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
Wiki User
∙ 9y ago
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What are the three fundemental questions that every economic system must answer?
what to produce. how to produce. who gets it
What are the three different economic system?
traditional economic system command economic system market economic system
What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
What are the three fundemental questions that every economic system must answer?
what to produce. how to produce. who gets it
What are the three different economic system?
traditional economic system command economic system market economic system
What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
How many economic questions does a country economic system provide the answers for?
Three aplus answer
What type of economy answers the three basic economic questions?
3 types of economic system
How many economic questions does a country's economic system provide the answers for?
Three aplus 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 do three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What three broad categories do economist use to classify all economic systems?
Economic system is some sort of arrangements regarding the production of goods and services to satisfy human wants and needs.Economist deals with three questions to classify all economic system,which are:*What to produce?*How to produce?*For whom to produce?By answering these three questions economists make any economic decision.
