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What are three signals to which the market economy responds?
Revolutionaire
prices, cost, and profit
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What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
What are the three aspects in free market economy?
The three aspects in free market economy are capitalism is a free market system of trade, governed exclusively on the economic principle of supply and demand. You need all of these to have a free market economy.
How does each type of economy answer the three basic questions?
market economy
What are three main economic systems?
market economy planed economy mixed economy
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
What are the three aspects in free market economy?
The three aspects in free market economy are capitalism is a free market system of trade, governed exclusively on the economic principle of supply and demand. You need all of these to have a free market economy.
How does each type of economy answer the three basic questions?
market economy
What are three main economic systems?
market economy planed economy mixed economy
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
What type of economic systems does Ethiopia have?
One of three economies probably, but not market economy.
In the circular flow of a market economy, the working model assumes that three sectors of a normal economy do not exist. These are the financial sector, the overseas sector, and the _________ sector.?
Government
What economy answers the three basic economic question the phrase do as we have always done?
traditional
Compare the three economy questions to command economy market economy and traditional economy?
traditional economy: resources are allocated based on custom and traditionmixed economy:resources are allcoated based on mixed informtion given.command economy: resources are allocated by the government or other central authoritymarket economy: resources are allocated by individualsCommusim
