0
1.What does the economy produce? Whatever people are willing to buy.
2.How does the economy produce it? The most efficient/cheapest way.
3.Who gets the goods? Whoever wants it and can afford it.
4.How do we promote change? Through self-interested innovators and inventors.
5.How do we promote progress? Through self-interested entrepreneurs and politicians.
Wiki User
∙ 13y ago
Anonymous
lo
Add your answer:
Earn +20 pts
How do you solve unemployment problems by using 3 fundamental question of economics?
One possible way to solve unemployment problems is by using the 3 fundamental questions of economics. These are what to produce, how to produce it, and the cost of production.
What is allocation in economics?
The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.
How is philosophy related to economics?
The questions that philosophy tries to answer are more fundamental than the questions in economics or any other social science. (The answer to question A is more fundamental than the answer to question B if and only if the answer to B takes for granted or presupposes the answer to A.) All economic theories are based on theories about human nature-and the nature of being human is a question in philosophy and not one in economics. .
How does economics relate to business?
A basic understanding of Economics plays a fundamental role in achieving success in Business.
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
How do you solve unemployment problems by using 3 fundamental question of economics?
One possible way to solve unemployment problems is by using the 3 fundamental questions of economics. These are what to produce, how to produce it, and the cost of production.
What is allocation in economics?
The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.
What has the author John Craig written?
John Craig has written: 'Remarks on some fundamental questions in political economy' -- subject(s): Economics
How is philosophy related to economics?
The questions that philosophy tries to answer are more fundamental than the questions in economics or any other social science. (The answer to question A is more fundamental than the answer to question B if and only if the answer to B takes for granted or presupposes the answer to A.) All economic theories are based on theories about human nature-and the nature of being human is a question in philosophy and not one in economics. .
How does economics relate to business?
A basic understanding of Economics plays a fundamental role in achieving success in Business.
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Fundamental concepts underlying the discipline of economics?
Scarcity and Choice
Where can you get IGNOU master of arts in economics solved questions?
show me IGNOU master of arts in economics solved questions?
What are the 3 economics questions?
The 3 Economics questions are: 1) What to produce 2) For whom to produce 3) and How to produce.
What are the three fundamental questions of economics?
what to produce, how to produce and for whom to produce( rich or poor some say black or white but i think Micheal Jackson sorted out that issue) ;) when to produce and where to produce
What are the 5 Ws?
The 5 Ws are who, what, when, where, and why. They are a set of fundamental questions used in journalism and investigation to gather information about a story or event.
What was a fundamental element of supply-side economics?
A fundamental element of supply-side (or "Voodoo") economics is the so-called "trickle-down effect". It is said that if the richest people get more, their "overrun" of resources will make everyone richer.
