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In what economic systems do government leaders decide what to produce how to produce and for whom?
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What are the 3 fundamental questions that all economic systems must answer?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
What group of leaders attempted to reform their political legal and economic systems?
Enlightened despots attempted to bring about reforms to their social and government systems during their rules.
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
What are the three economic questions that economic systems address?
1. what to produce, 2. how to pruduce, and 3. for whom to produce.
What three basic questions do economic systems address?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
What are the 3 fundamental questions that all economic systems must answer?
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
Who are the leaders of political systems?
the government
What group of leaders attempted to reform their political legal and economic systems?
Enlightened despots attempted to bring about reforms to their social and government systems during their rules.
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
What are the three economic questions that economic systems address?
1. what to produce, 2. how to pruduce, and 3. for whom to produce.
What three basic questions do economic systems address?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
What two economic systems have African leaders advocate?
Capitalism and Socialism
Describe the 4 basic economic systems?
the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.
The power of a nation-state to determine its form of government and its economic and social systems is called .?
Democracy is the system that allows people to choose their leaders and form of government. Most countries today have embraced this form of governance.
What are the four basic economic systems around the world?
There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
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.
