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What are the 2 basic natural resources that economic systems allocate?

Money, goods & services


Who was the German philosopher who studied the history of economic systems?

In the middle of the 19th century, Karl Marx published that based on his studies, economics determines history.


3 main types of economic systems?

capital resources, human resources, & natural resources


What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


Who believed economics was goverened by natural law?

Karl Marx believed that history was governed by the "science" of economics. He wrote that whom ever held the economic advantage in any period of time "created" the history of that time. Marx also did what can be called a "double take" on this issue. He was serious about this and his interpretation ofboth human history and economic systems led him to see the ultimate outcome of of the the latter and the former. Thus the laws he exposed on how economic systems "Must work" he deemed "science". As time passed his ideas on this were debunked by most historians, political philosophers and economists.


Who was the great philosopher that investigated the body systems?

Xx


Why cultures develop economic systems?

why dp cultures develop economic systems


What is a way of defining economic systems?

One way to define economic systems is to classify them according to whether they are market systems or command systems.


Danish philosopher Kierkegaard believed that?

Danish philosopher Kierkegaard believed in the importance of individual subjective experience, the concept of faith as a personal, passionate commitment, and the necessity of making authentic choices in the face of life's uncertainties. He also critiqued the prevailing rationalism and ethical systems of his time, emphasizing the need for individuals to take personal responsibility for their beliefs and actions.


Who insisted that type of government depended on economic and geographic factors?

Karl Marx insisted that the type of government depends on economic and geographic factors. He believed that the economic structure of a society influences its political structure and that different economic systems would result in different forms of government.


Why do kin-based economic systems prevail in non-industrial societies?

prevailing economic systems


What are Europe's economic systems?

Capitalists economic system