What economics and political symtem have evolves to answer the basic questions of economics?

Answer 1

The three economic questions are:
What to produce, how to produce, and for whom to produce.

There are three main systems that have developed to answer those questions:

Traditional economies (economies that answer those questions the same way as their ancestors did) examples are Native American cultures and African tribes.

Market economies (where consumers decide what, the producers decide how, and price and income decide for whom) example = Japan

Command/ centrally planned economies (the government decides the answers to these questions) example = USSR and China


Most of these economies do not exist in pure form. They exist as mixed economies. For example the United States which has mainly a market economy with some government control and intervention.

As far as political systems, democracy/republic works with mixed, market, and traditional, also with command sometimes.
Communism is the system that goes with a command/centrally planned economy.
Fascism attempts to go between market and command.