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What is a nation's plan for making decisions on what and how to produce and how to distribute goods and services?
Wiki User
∙ 10y ago
their economic system
Wiki User
∙ 10y ago
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What is the function of an economic system?
to produce and distribute goods and services
What is function of an economic system?
to produce and distribute goods and services
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What is the method used by society to produce and distribute goods and services?
Actually, the correct answer is economic system.
What is the function of an economic system?
to produce and distribute goods and services
What is function of an economic system?
to produce and distribute goods and services
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What is method used by society to produce and distribute goods and services?
Actually, the correct answer is economic system.
What is the method used by society to produce and distribute goods and services?
Actually, the correct answer is economic system.
Is the study of how to employ resources to produce goods and services and distribute them among competing groups and individuals?
economics
What term refers to method a society uses to produce and distribute goods and services?
Product market
Economics decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
Economic decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
In a command how are economic decisions made?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
