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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
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
Which economy answers the three basic economic questions with the phrase Do as you have always done?
traditional
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
In which economic system do individuals answer the basic economic questions?
market economy
What are the three basic economic questions must be answered in a barter economy.?
guide the economy
An economy that answers its basic economic questions by doing things the way that they always have been doe is called a?
An economy that answers its basic economic questions by relying on traditional methods and longstanding practices is called a traditional economy. In this system, economic decisions are based on customs, beliefs, and historical precedent, with little emphasis on innovation or change. Often, these economies are found in rural or underdeveloped areas where communities prioritize subsistence and cultural continuity over market-driven approaches.
What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
market
How does a traditional economy differ from a capitalist economy?
In a capitalist system, the government answers the three basic questions.
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
