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In every economic system choices must be made because resources are?
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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 are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
What question must be asked about resources in an economic system?
How are the resources distributed?
Why do countries need economic systems?
I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.
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 are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
What question must be asked about resources in an economic system?
How are the resources distributed?
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
Why do countries need economic systems?
I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.
Is a structure for allocating scare resources?
An Economic system
Economic resources in the capitalist system are brought together by..................?
Entrepreneur's.
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
In an economic system decisions need to be made about productive resources and which of the following?
Allocation
Which economic system is defined as the use of private resources to make a profit?
capitolism
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
