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How resource constrain guide you to take major economic decisions?

How resource constrain guide you to take major economic decisions?


An economic system in which the central government directs all major economic decisions?

an economic system in which the central government directs all major economic decisions


What are two major econmic systems?

Capitalism, socialism, and communism are major economic systems.


What is system in which the major economic decisions are made by the central government?

Command economy


What is an economic system characterized by a central authority which makes major economic decisions?

Command Economy. :D


In which type of economic system does the government make no economic decisions?

There are several such systems, but the most popular is the laissez-faire system.


How are basic economic decisions made under capitalism?

Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.


Which of the following economic systems leaves production decisions competely up the producers?

free-market economy


The Four economic systems?

There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.


What are panamas two major economic systems?

sorry i don't know


Which are the two major fields of economic study?

The two major fields of economic study are macroeconomics and microeconomics. Macroeconomics deals with the large scale economic factors while microeconomics deals wit single factors of personal decisions.


What are the major elements of free enterprise?

Some major elements of a free enterprise system include right of land and freedom of economic decisions