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how does the market mechanism solve the basic problem of free market economy?
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∙ 14y ago
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What are the solutions for basic economic problems?
what are the basic economic problems facing nigeria and their possible solutions
In which economic system do individuals answer the basic economic questions?
market economy
What one means by business economics?
bisiness economics is the study of business related problems using economic techniqes like the study of market knowing the degree of competion prevailing in the market with the help of market structure techniques, the other example can be of the study of deamnd and supply forces. mostly micro econmics is regarded as business economics. it provides solution to basic problems of how to use scarce resource for unlimted wants.
In this economic system smith believed that basic economic questions were answered by which group?
market
How are the basic economic problems solved in economies?
this sucks
What are the solutions for basic economic problems?
what are the basic economic problems facing nigeria and their possible solutions
In which economic system do individuals answer the basic economic questions?
market economy
What do economics systems of other countries have in common with the US?
They face the same basic economic problems
What one means by business economics?
bisiness economics is the study of business related problems using economic techniqes like the study of market knowing the degree of competion prevailing in the market with the help of market structure techniques, the other example can be of the study of deamnd and supply forces. mostly micro econmics is regarded as business economics. it provides solution to basic problems of how to use scarce resource for unlimted wants.
In this economic system smith believed that basic economic questions were answered by which group?
market
How are the basic economic problems solved in economies?
this sucks
What is a basic feature of the free-market system?
A basic feature of the free market system is that consumers make their own economic choices
In his economic system smith believed that basic economic questions were answered by which group?
market aPLUS
In his economic system Adam Smith believed that the basic economic question should be answered by whom?
Market
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
What are the basic problem in the Philippines?
The basic economic problems in the country of Philippines is high unemployment. For those that are employed low wages is another economic problem.
What are the basic economic systems?
Traditional Market Mixed (all 3 combined, but mainly command and market) Command
