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What three questions must all economic systems answer?

what three questions must all economic systems answer?


The differences among the three Guianas can be explained by their varied?

The differences among the three Guianas (French Guiana, Guyana, and Suriname) can be explained by their colonial histories. French Guiana is an overseas department of France, Guyana was a British colony, and Suriname was a Dutch colony. These different colonial influences have shaped each country's culture, language, and political systems. Additionally, their economic reliance on different industries, such as mining in Suriname and agriculture in Guyana, also contributes to their differences.


Three types of economic systems?

There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system


What are the three types of economic systems?

The three types of economic systems are centrally planned, traditional, and free market (or capitalist).


What are the three main differences among the three phyla of worms?

los odio


How do the four economic systems answer the three basic questions of economics?

Societies answer the three economic questions based on their values!


The three basic economic systems are?

Mixed free and planned ((;


What three basic questions do economic systems address?

Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?


In what ways are the three economic systems alike what are the major differences?

The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.


What are three main economic systems of the world?

Communism, capitalism, and socialism.capitalism


What are the three kinds of economic systems?

Market economy,traditional economy,command economy and mixed economy


What are the 3 fundamental questions that all economic systems must answer?

What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.