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What is the smallest type of economy?

The smallest type of economy is a subsistence economy, where individuals produce just enough to meet their own basic needs without generating surplus for trade or sale. This type of economy usually involves simple agricultural practices or small-scale crafts for self-sufficiency.


What is the organaized effort of individuals to produce and sell for a profit the products and services that satisfy society's needs?

business


An essential function that is performed by one or more individuals and is used to satisfy human wants or needs is called a?

Service


An essential function that is performed by one or more individuals and is used to satisfy human wants or needs is called a what?

A service!


What is the definition of small business?

Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."


What is the way people use resources to meet their wants and needs?

The way a nation determines how to use its resources to satisfy its people's needs and wants is called:


What type of economy is usually centered mainly on meeting people's basic needs?

traditional


How the social market economy may be used to solve the economic problems?

through provision of resources that are scares, to satisfy the needs and wants.


How entrepreneu investment satisfy community needs?

how does entrepreneu satisfy community needs


The organized efforts of individuals to produce and sell for a profit the products and services that satisfy society's needs through the internet?

ebusiness


What is a problem in a free enterprise system?

Maker economy are free to undertake economic . free to make choices how to use resources to satisfy their needs.


What is the study of how people seek to satisfy their needs and wants by making choices?

The study of how people seek to satisfy their needs and wants by making choices is known as economics. Economics is a social science that analyzes the production, distribution, and consumption of goods and services. It examines how individuals, businesses, and governments allocate resources to achieve their desired outcomes. By studying economics, we can better understand the decision-making processes that drive our economy.