1. what to produce,
2. how to pruduce, and
3. for whom to produce.
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?
what three questions must all economic systems answer?
Societies answer the three economic questions based on their values!
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
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?
what three questions must all economic systems answer?
Societies answer the three economic questions based on their values!
What to produce?How to produce?For whom to produce?These are the three fundamental questions that all Economic systems must answer.
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
The three questions are what to make, how to make it, and who gets the product/service.
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
Each system represents different answers to the four basic economic questions.
Each system represents different answers to the four basic economic questions.
the people
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
The three key economic questions are: What to produce? How to produce it? Who will consume it?