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The market system's answer to the fundamental question How will the goods and services be produced?
Wiki User
∙ 13y ago
using the least-cost production
Wiki User
∙ 13y ago
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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 services does Ecoquest International provide?
EcoQuest International provide home sale services like filtration systems, health and personal care products, weight management, water treatment systems and fitness services.
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
Why do countries with different economic systems face the same fundamental economic problems?
The central problem in economics is that resources are scarce and have alternative uses, but our wants are without limits! Therefore not all of our wants can be satisfied. We must therefore choose what goods and services to produce and therefore which of our many wants to satisfy.
What does A country's econmic systems refers to?
the answer is a economic refers to the way in which it produces and distributes goods and services .
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
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.
How are overtones created?
An overtone is a natural resonance or vibration frequency of a system. Systems described by overtones are often sound systems, for example, blown pipes or plucked strings. If such a system is excited, a number of sound frequencies may be produced, including a fundamental tone of given frequency. An integer multiple of the fundamental frequency is called a harmonic. The second overtone is not the second harmonic. (See related link "Calculations of Harmonics and Overtones from Fundamental Frequency")
By what fundamental process are gases exchanged in respiratory systems?
its diffusion
What are produced in both male in female reproductive systems in humans?
The question is easy this might be a joke but who cares the answer isfemale: eggsmale: sperm^.^ the question was in BOTH this was an easy question and the answer for BOTH would be sex cells
What are produced in both male and female reproduction systems in humans?
The question is easy this might be a joke but who cares the answer isfemale: eggsmale: sperm^.^ the question was in BOTH this was an easy question and the answer for BOTH would be sex cells
What are produced in both male and female reproductive systems in humans?
The question is easy this might be a joke but who cares the answer isfemale: eggsmale: sperm^.^ the question was in BOTH this was an easy question and the answer for BOTH would be sex cells
What are the Fundamental limitations of communication systems?
1 noise 2 bandwith
How was The fundamental facilities and systems serving a country such as transportation communication systems power plants and schools are called?
Infrastructure
What are The fundamental facilities and systems serving a country such as transportation communication systems power plants and schools called?
Infrastructure
What is the fundamental structure of accounting?
described the double-entry system, which continues to be the fundamental structure for contemporary accounting systems in all types of entities.
What companies produce data management software?
Data management software is produced by SAS, Manage Engine, DCIG, SAP, Oracle and Bearing Point. Data management services are also provided by IHS, Infra Systems and Merrick Systems.
