capital resources, human resources, & Natural Resources
1. Traditional 2.Command 3.Market
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
Demand-Production-Distribution/Supply
1. Traditional 2.Command 3.Market
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
what are the 3 types of economic resources
There are 3 types 1) monopolar 2)bipolar 3)homopolar
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
Demand-Production-Distribution/Supply
1. what to produce, 2. how to pruduce, and 3. for whom to produce.
3 types of economic system
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
their is 3
3.