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Economic products designed to satisfy people's wants and needs are called?
economic system
What satisfies peoples needs in the US economic system?
Free market .
What is an economic needs?
Economic needs are needs that touch on consumer's time and money.
What is the best definition of an economic system?
process by which people choose how to use limited resources in order to meet their needs
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
Economic products designed to satisfy people's wants and needs are called?
economic system
What satisfies peoples needs in the US economic system?
Free market .
The economic policies of the colonies had to be regulated to meet the needs of England under which system?
mercantile system
What is an economic needs?
Economic needs are needs that touch on consumer's time and money.
What is private enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
What is the best definition of an economic system?
process by which people choose how to use limited resources in order to meet their needs
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
Who or what takes care of peoples' needs in the U.S. economic system?
Tranportation,Education,Social Security,Medicare,Public Safety
What is a private enterprise system enterprise system?
THE PRIVATE ENTERPRISE SYSTEM an economic system that rewards firms for their ability to identify and serve the needs and demands of customers. Another name of it is Capitalism.
What is the primary goal of an economic system?
The primary goal of the economic system is to deliver to its citizens goods and services that they demand and aim for development for an increased standard of living.
Private enterprise system?
Contemporary Business, 2009 Update by Boone & Kurtz, defines the private enterprise system as "an economic system that rewards firms for their ability to perceive and serve the needs and demands of consumers".
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.
