answersLogoWhite

0

What are the basic economic choices?

Updated: 4/28/2022
User Avatar

Wiki User

13y ago

Best Answer

first of all, ask yourself the definition of economic choice

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
User Avatar

Chantal Littérature

Lvl 1
2y ago
Scarcity

Add your answer:

Earn +20 pts
Q: What are the basic economic choices?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the basic economic problem that makes choices necessary?

The basicc economic problem that makes choices necessary is that there are limited economic resources & unlimited human wants.


What basic economic choice must people and societies?

Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.


Producers reacting to consumer choices provide most answers to the basic economic questions?

market


What is a basic feature of the free-market system?

A basic feature of the free market system is that consumers make their own economic choices


Which of following is not a basic economic function of government?

This cannot be answered. You will have to give me some choices to choose from.


What basic economic choice must people and societies make?

Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.


Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?

market


What is the basic economic problem facing all societys?

the basic economic problem facing all societies is CHOICE.as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.


What is the basic economical problem?

the basic economic problem in the socity is choice,as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.


What are the three basic choices in risk managment?

what are the three basic choices in risk management


Basic economic problem will not be solved by?

which one of the following is not one of the basic economic question


Examples of economic choices you have to make?

different people make different economic decisions