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How are economic systems structured to meet the needs and wants of different societies?
Wiki User
∙ 11y ago
Depending on the society's wants and needs the different economic systems are created to make it fair but also make it work, make people listen, and make the rules/laws easy enough to follow.
Wiki User
∙ 11y ago
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What are the four types of economic systems?
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
Why do kin-based economic systems prevail in non-industrial societies?
prevailing economic systems
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
Why are economic systems needed?
Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.
What are the advantages and disadvantages of different economic systems?
disadvantages of the Spanish armada
What are the four types of economic systems?
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
What happened during the sectional crisis?
The North and the south were separated into to different societies and had different economic systems
Why do kin-based economic systems prevail in non-industrial societies?
prevailing economic systems
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
Why are economic systems needed?
Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.
Societies form economic systems because?
meet the wants and needs of its people ^^From Stars Suite. MY answers are right.
What the Difference between structured knowledge system and semi structured knowledge system?
A structured knowledge system has well-defined rules and formats for organizing and storing information, making it easily searchable and retrievable. In contrast, a semi-structured knowledge system has some predefined rules but also allows for flexibility and subjective interpretation in organizing and storing information.
What are the advantages and disadvantages of different economic systems?
disadvantages of the Spanish armada
What do three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
Compare and contrast the different economic systems and how they differ in achieving goals?
compane and contnast the diffearence typcs of economic sys tem
