0
What else can I help you with?
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.?
Socialism (A+)
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
What are some economics problem?
Economic problems relate to production of goods and services for consumptions with the scarcity of resources and the choices with the allocation of the available resources for production.The modern theory looks into the problem of level of income and employment,investment,savings,production and consumption including exports.
What describes The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Socialism
What statement does not describe a market economy?
The problems of scarcity and allocation of resources are addressed by production for use or need rather than productio for profit.
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.?
Socialism (A+)
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed?
By production for use or need.
What are some economics problem?
Economic problems relate to production of goods and services for consumptions with the scarcity of resources and the choices with the allocation of the available resources for production.The modern theory looks into the problem of level of income and employment,investment,savings,production and consumption including exports.
What describes The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Socialism
What statement does not describe a market economy?
The problems of scarcity and allocation of resources are addressed by production for use or need rather than productio for profit.
What type of economic model fits this description The basic problems of scarcity and allocation of limited resources are solved by production for the use or need rather then production for profit?
You need to answer this question because we don’t do homework and your teacher is looking for your critical thinking skills and how well you understood the lesson.
What type of economy best fits this description The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Mixed Capitalism
Where Problem relating to the allocation of factors of production and distribution of income exit?
Problems related to the allocation of factors of production and distribution of income often arise due to market inefficiencies, unequal access to resources, and varying degrees of bargaining power among different economic agents. These issues can lead to underutilization of resources, inequitable income distribution, and social unrest. Additionally, externalities and public goods can complicate the efficient allocation of resources, resulting in market failures. Addressing these challenges typically requires government intervention or regulatory frameworks to promote fairer distribution and optimal resource use.
What are the three major problems of microeconomics?
The three major problems of microeconomics are resource allocation, production decisions, and distribution of goods and services. Resource allocation focuses on how limited resources are distributed among competing uses to maximize efficiency. Production decisions involve determining the optimal combination of inputs to produce goods at the lowest cost. Lastly, the distribution problem addresses how income and wealth are distributed among individuals and groups, impacting overall economic equity and social welfare.
How managers solves the problems of choices and allocation of resources?
They see the steps of a nomadic lifestyle to conquer there problems.
Answer to the 3 basic economic problems?
4 Economic Problems:1. Consumption Problem-what to produce2. Production Problem-how to produce3. Distribution Problem-for whom to produce4. Growth over time
What are the social values of insurance?
- facilitate the rational allocation of resources - competition among the industrials can be contributed - help on the stabilization of the production and social status - the foundation of credibility - solve the consistent of the social problems
