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They organize resources to try to meet a society's wants and needs.

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Fallen Angel

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Q: What role do entrepreneurs play in the economic decisions a society makes?
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Who makes the economic decisions in Australia?

who makes australia's economic decisions


Who makes Cuba's economic decisions?

the government makes all the decisions, he is a dictator


Who makes the economic decisions of India?

The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.


Who makes economic decisions?

the government makes all the decisions, he is a dictator


Who makes the decisions in a command economic?

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Who makes the economic decisions for Canada?

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Who makes the economic decisions for Germany?

Ministry of Finance


How many different economic systems exist?

Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.


Who makes decisions for a mixed economy?

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Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.


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