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  1. consumers wants and needs
  2. Cost of production
  3. Resource base
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What are three basic economic questions to consider?

The three basic economic questions to consider are: What to produce? This involves determining which goods and services to create based on resources and consumer demand. How to produce? This question focuses on the methods and processes to use in production, including technology and labor choices. Finally, who gets to consume the products? This addresses the distribution of goods and services among individuals and groups in society, influenced by factors like income, wealth, and social policies.


What are the three economic questions?

The three economic questions are: What to produce? How to produce it? Who will consume it?


What are three basic econmic questions?

what to produce? how to produce it? for whom to produce it?


What are the 3 economic questons to ask when studying different countries economic?

When studying different countries' economies, the three key economic questions to consider are: What to produce? This addresses the types of goods and services a country should focus on based on resources and demand. How to produce? This examines the methods and technologies employed in production, including labor and capital considerations. Finally, for whom to produce? This question investigates how the produced goods and services are distributed among the population and the factors influencing access and equity.


What are three key economic questions?

The three key economic questions are: What to produce? How to produce it? Who will consume it?

Related Questions

What three things that affect types of crops an area can produce successfully?

Three key factors that influence the types of crops an area can successfully produce are climate conditions (temperature, rainfall, and sunlight), soil quality (texture, nutrients, and pH level), and topography (elevation, slope, and drainage). These factors play a crucial role in determining the suitability of crops for a particular region and their productivity. Farmers need to consider these factors when selecting crops to grow.


What a three factors determining which network an organization should use?

The three factors determining which network an organization should use is the cost, the type of network, and the size of the network.


What are three basic economic questions to consider?

The three basic economic questions to consider are: What to produce? This involves determining which goods and services to create based on resources and consumer demand. How to produce? This question focuses on the methods and processes to use in production, including technology and labor choices. Finally, who gets to consume the products? This addresses the distribution of goods and services among individuals and groups in society, influenced by factors like income, wealth, and social policies.


What are three factors drivers should consider when driving?

There are more than three factors drivers should consider when driving, but one of them includes determining a safe distance between you and the driver ahead of you. Another is to be aware of the posted speed limit, and a third is to anticipate the errors of other drivers. This is called defensive driving.


What are the three major factors you'll consider when selecting equipment to be used during surveillance?

what are the three major factors you'll consider when selecting equipment to be used during surveillance


Which three factors are most important in determining the composition of ocean water?

temperature,salinity,and density


What are three characteristics to consider when determining the authority of an author?

When determining the authority of an author, consider their expertise in the subject matter, their professional affiliations or credentials, and whether they have a track record of being published in reputable sources or peer-reviewed publications.


What are three factors to consider determining what type of propagation to use?

When determining the type of propagation to use, consider the plant's species and growth habits, as some plants propagate more effectively through seeds, cuttings, or division. Assess the available resources, including time, space, and equipment, since some methods may require more intensive care or specific conditions. Lastly, evaluate the desired outcomes, such as speed of propagation and genetic consistency, as these factors will influence the most suitable propagation method for your goals.


If a number has an odd number of factors is it a perfect square?

If you mean 'prime' factors, then an odd number of them CAN'T produce a perfect square. Consider 3 factors ... A, B, and C. If their product were a perfect square, then AxB=C, which can't be true if C is a prime number. For non-prime factors, an odd number of them may or may not be a perfect square: Three factors = not a square: 2 x 3 x 5 = 30. Three factors = a square: 2 x 3 x 6 = 36.


Factors of production in Germany?

Germany uses three factors of production. The country uses people, capital, and land in order to produce needed products.


What are the three C's in gemstones?

The three C's in gemstones refer to carat (weight), cut (shape and proportions), and clarity (purity and absence of flaws). These factors are important in determining a gemstone's quality and value.


What are the 3 factors to consider when designing an encloser?

There is more than 3 factors you should consider. But here are three important ones. Do you have enough money for the project. Will it violate any codes. Will it be able to withstand pressure and not crumble.