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Q: What are the basic factors of every economy?
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What are the three basic questions that every economic system must answer?

In every type of economy? How about -- growth rate, employment rate, and trade balance.


What are two important factors that influence the way people meet their basic needs?

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What are the two basic activities undertaken in any economy?

two basic activities undertaken in an economy


What are some factors the economy depend on?

industrey and agriculture are two main factors on which economy depends


What factors are holding back Romania's economy?

the factors that are holding back Romania's economy communist policies.


What are the factors effecting improve your economy?

There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.


How does each type of economy answer the three basic questions?

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What are macroeconomic factors?

Macroeconomic factors are the factors which affect the wider economy. In other words these factors seems to summarize the picture of economy. For example, unemployment, inflation rates, GDP etc. All these tell us about the story of whole economy.


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The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.


What was the basic of the economy of new France?

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What are Belize major economy?

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What are the three basic economic questions must be answered in a barter economy.?

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