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discuss the basic economic problem?

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17y ago

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Who answers the three economic questions in a command economy?

The government answers the three economic questions in a command 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.


Who answers the three economic questions in command economy?

government


What are the three basic economic questions must be answered in a barter economy.?

guide the economy


What type of economy best fits this description The basic economic questions are answered by a group of government planners.?

Command Economy. An example would be North Korea.


Who answered the three basic economic questions in a command economy?

In a command economy, the three basic economic questions—what to produce, how to produce, and for whom to produce—are answered by the government or central authority. This planning body determines production goals and resource allocation based on perceived societal needs and objectives, rather than market forces. The focus is typically on meeting the needs of the community or the state, rather than individual consumer preferences.


In what type of economy are the basic economic questions answered as you have always done?

traditional > <


Which of these is the best desription of a traditional economy?

The basic economic questions are answered by the customs of the past. A+


The basic economic questions are answered by a group of government planners in this type of economy.?

controlled


What type of economy are the basic economic questions answered by a group of government planners?

Controlled


What is the best description of a traditional economy?

The basic economic questions are answered by the customs of the past.


In a centrally planned economy the three key economic questions are answered by the what?

central government alone