0
The basic problems arise when an economy is facing recession. If one economy goes into crisis, the other economy will also suffer from problems. U.S. Imports many of the products from India. If a crisis occurs in U.S., Indian exports will see a decline if US decides to cut back its imports to decrease its negative account balance.
The 3 basic problems are:-
1.) What to produce?
2.) How to produce?
3.) For whom to produce?
asfkas.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
How market forces help to solve basic economic problems?
how does the market mechanism solve the basic problem of free market economy?
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
How does the mixed economy solve the basic economic problem?
A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.
What are the two basic activities undertaken in any economy?
two basic activities undertaken in an economy
How production possibility curve helps in solving central problems of an economy?
How does ppc help in solving basic economic problems
How market forces help to solve basic economic problems?
how does the market mechanism solve the basic problem of free market economy?
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
How does the mixed economy solve the basic economic problem?
A mixed economy solves the basic economic problems in various ways. For instance the challenge of what to produce is resolved through price mechanisms.
What are the two basic activities undertaken in any economy?
two basic activities undertaken in an economy
How does each type of economy answer the three basic questions?
market economy
Basic problems in economics?
the basic problems in economics are as follows what to produce,this problem rise due to our limited resources to our unlimited wants.in economy, the producer try solve these problem by producing the commodity which have the highest demand which will leads higher profit.remember that resources (land labor capital entrepreneurship) are scare or limited.
What are the 3 basic economic system models?
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 are the solutions for basic economic problems?
what are the basic economic problems facing nigeria and their possible solutions
What was the basic of the economy of new France?
Trade
What are problems your economy faces?
Bankruptcy
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
