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What three questions must all economic systems answer?
what three questions must all economic systems answer?
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.
What is the main problem of African economic systems?
Lack of economic diversity that is all nothing else
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
All economic systems are concerned with which of these same problems?
what, how, how much, and for whom to produce
What three questions must all economic systems answer?
what three questions must all economic systems answer?
What are the names of all the systems?
it is the revolution
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.
What is the main problem of African economic systems?
Lack of economic diversity that is all nothing else
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
All economic systems are concerned with which of these same problems?
what, how, how much, and for whom to produce
What are the economic systems of the UK Germany and Russia?
they are all market with elements of command
what of these is not one of the five problems all economic systems face?
where will the good be produced
Why cultures develop economic systems?
why dp cultures develop economic systems
What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What is a way of defining economic systems?
One way to define economic systems is to classify them according to whether they are market systems or command systems.
What are the two economic systems?
Traditional economic system. The traditional economic system is based on goods, services, and work, all of which follow certain established trends. Command economic system. In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market economic system. Market economic systems are based on the concept of free markets. In other words, there is very little government interference. Mixed system. Mixed systems combine the characteristics of the market and command economic systems. For this reason, mixed systems are also known as dual systems.
