answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

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 many economic questions does a country economic system provide the answers for?

Three aplus answer


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's economic system provide the answers for?

Three aplus answer


What type of economy answers the three basic economic questions?

3 types of economic system


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.


How many questions does a country's economic system provide the answers for?

Three aplus answer