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What are the three basic questions that every economic system must answer?
Wiki User
∙ 7y ago
In every type of economy? How about -- growth rate, employment rate, and trade balance.
Wiki User
∙ 14y ago
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What are the three fundemental questions that every economic system must answer?
what to produce. how to produce. who gets it
What are the 3 basic economic questions faced by every society?
This is really simple it is like for who, what, and where . You should have learned this information in middle school. Here is the 3 basic questions that every society needs to answer. How to distribute, What is the item?, and For whom to produce?
What are the three basic economic questions that every society must face?
What to produce How much to produce and for whom to produce LOL idk if thats right .... :)
What are the different countries that have economic system?
Every country has an economic system
Why do countries need economic systems?
I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.
What are the three fundemental questions that every economic system must answer?
what to produce. how to produce. who gets it
What are the 3 basic economic questions faced by every society?
This is really simple it is like for who, what, and where . You should have learned this information in middle school. Here is the 3 basic questions that every society needs to answer. How to distribute, What is the item?, and For whom to produce?
What are the three basic economic questions that every society must face?
What to produce How much to produce and for whom to produce LOL idk if thats right .... :)
What are the different countries that have economic system?
Every country has an economic system
Why do countries need economic systems?
I don't think you know what an economic system means. Every single country, every single state, every single city, every town and every house have an economic system. Economics is simply the study of the choices people make under limited resources (money, time, actual resources etc). So two people trading in the middle of the desert are using an economic system.
Why do all countries face the basic economic problem?
The basic economic problem is about scarcity and choice, which every society has to deal with.
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
What are three economic questions that every country must answer?
What to produce. How to produce. and How much to produce.
What are three economic questions every country must answer?
What to produce. How to produce. and How much to produce.
