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Most political and economic analysts and leaders of public and economic policies will agree that a good part of international banking is decentralized. This is because of the large number of international banking organizations are so numerous. As new economic powers emerge, more diversity is created and new markets as well. No one country or banking system can control the world's economy. It's too diverse. Thus international banking, commerce and other financial organizations are decentralized.
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
The three key economic questions are: What to produce? How to produce it? Who will consume it?
money
money
Peter T. Knight has written: 'Economic decisionmaking structures and processes in Hungary' -- subject(s): Central planning, Economic policy, Industrial management
Most political and economic analysts and leaders of public and economic policies will agree that a good part of international banking is decentralized. This is because of the large number of international banking organizations are so numerous. As new economic powers emerge, more diversity is created and new markets as well. No one country or banking system can control the world's economy. It's too diverse. Thus international banking, commerce and other financial organizations are decentralized.
An economic system is a mechanism which deals with the production,distribution
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
The three key economic questions are: What to produce? How to produce it? Who will consume it?
It is the price mechanism
money
money
what three questions must all economic systems answer?
All economic questions arise because of SCARCITY OF RESOURCES.
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.
Societies answer the three economic questions based on their values!