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What are the three fundemental questions that every economic system must answer?
Kktomlinson1224
what to produce. how to produce. who gets it
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∙ 9y ago
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What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are the different countries that have economic system?
Every country has an economic system
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 every country must answer?
What to produce. How to produce. and How much to produce.
What are the three basic questions that every economic system must answer?
In every type of economy? How about -- growth rate, employment rate, and trade balance.
What are the different countries that have economic system?
Every country has an economic system
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.
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 economic questions that every country must answer?
What to produce. How to produce. and How much to produce.
Where can one obtain a list of countries having an Islamic economic system?
as far as an Islamic economic system is concerned there is an Islamic economic system in Saudi Arabia where you connot find even a person for zakat.then There is Iran also.An Islamic economic system means means every one's prosperity.
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?
How the economic system of the Philippines developed?
The economic system of the Philippines is developed through the exportation of goods and the tourism that we had. Every region in the Philippines has it's own product like banana, in Davao City and etc.
How does Colombia's economic problems contribute to legal and political problems?
Mostly every time I need an answer for something this website rarely answers my questions!
