0
What else can I help you with?
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?
What three questions must all economic systems answer?
what three questions must all economic systems answer?
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
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 are three questions that all economic systems must answer?
The three questions are what to make, how to make it, and who gets the product/service.
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?
What three questions must all economic systems answer?
what three questions must all economic systems answer?
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
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 are three questions that all economic systems must answer?
The three questions are what to make, how to make it, and who gets the product/service.
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
What are the three questions the economic system must answer?
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
What do three economic systems have in common?
Each system represents different answers to the four basic economic questions.
What do all three economic systems have in common?
Each system represents different answers to the four basic economic questions.
Under the command economy who decides the answer to the three questions the all economic systems must answer?
the people
What combines the elements of pure economic systems?
A mixed economy combines elements of traditional, market, and command economic models to answer the three basic economic questions.
What do the three kinds of economic system have in common?
The three primary types of economic systems—traditional, command, and market—share the fundamental objective of allocating resources to meet the needs and wants of society. Each system involves decision-making regarding production, distribution, and consumption, albeit through different mechanisms: tradition and customs in traditional systems, central planning in command systems, and supply and demand in market systems. Moreover, all three systems aim to address the basic economic questions of what to produce, how to produce it, and for whom to produce.
