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How does each type of economy answer the three basic questions?
market economy
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
What are the three basic characteristics associated with motivation?
Activation, persistence, and intensity are the three basic characteristics associated with motivation.
How does each type of economy answer the three basic questions?
market economy
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
What are stages of economic developmet?
There are three stages of economic development viz., under developed economy, developing economy, and developed economy. While many African countries are still regarded as underdeveloped economy, Indian economy has graduated to developing economy. US,UK,Canada, France,Sweden, Japan and now China have proudly scaled to developed economy.
The three basic characteristics of a capitalist system are?
private property, a market system, and worker freedom
What are the three basic characteristics of line?
The three basic characteristics of line are length, width, and direction. Length refers to the extent of the line, width refers to the thickness of the line, and direction refers to the path along which the line is drawn.
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
What economy answers the three basic economic question with the phrase do as we have always done?
traditional
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
What type of economy answers the three basic economic questions?
3 types of economic system
