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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 are the three elements in Marxism?
Marxism can be broken down to three basic elements. They are:1. philosophical 2. historical, and 3. economic
Are the three basic economic?
Mixed free and planned ((;
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
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 are the three elements in Marxism?
Marxism can be broken down to three basic elements. They are:1. philosophical 2. historical, and 3. economic
Answer to the 3 basic economic problems?
4 Economic Problems:1. Consumption Problem-what to produce2. Production Problem-how to produce3. Distribution Problem-for whom to produce4. Growth over time
What are the elements of basic design?
The three basic elements of design are point, line and shape.
Are the three basic economic?
Mixed free and planned ((;
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
The three basic economic systems are?
Mixed free and planned ((;
What are the three economic problem that all economies face because ofthe basic economic problem?
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
What type of economy answers the three basic economic questions?
3 types of economic system
What are the three elements of an economic theory?
The three elements of an economic theory include the dominant/dependent states. The other two have to do with external forces and relationship between dominant and dependent states.
What are the three elements in all sugars?
Carbon, Hydrogen, Oxygen - the three basic elements for organic material.
