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what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
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What is allocation in economics?
The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
How does each type of economy answer the three basic questions?
market economy
What are three questions each society must determine regarding its economy?
What and how much will be produced?Literally, billions of different outputs could be produced with society's scarce resources. Some mechanism must exist that differentiates between products to be produced and others that remain as either unexploited
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
What is allocation in economics?
The allocation process in a particular society's economy is the process by which the three fundamental economic questions get answered in the society.
Who answers the three economic questions in a command economy?
The government answers the three economic questions in a command economy.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
How does each type of economy answer the three basic questions?
market economy
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
Who answers the three economic questions in command economy?
government
What are three questions each society must determine regarding its economy?
What and how much will be produced?Literally, billions of different outputs could be produced with society's scarce resources. Some mechanism must exist that differentiates between products to be produced and others that remain as either unexploited
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
What three questions determine a country's economic system?
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
How a society answers the three economic questions defines?
Shamala
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
