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Economic decisions can be made by various entities depending on the context. In a market economy, individual consumers and businesses make decisions based on supply and demand. In a command economy, the government or central authority typically makes all economic decisions. In mixed economies, a combination of both market forces and government regulations influences economic decision-making.
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Economic decisions are made by?
no one know's
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 is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
Who makes the economic decisions of India?
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
How are economic decisions made in a traditional economy?
they are made by custom and habit
Economic decisions are made by?
no one know's
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 is Direct Regulation in commerce?
Direct regulation is the economic style of command economies, like communism where all economic decisions are made by government.
What is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
Who makes the economic decisions of India?
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
How are economic decisions made in a traditional economy?
they are made by custom and habit
How are economic decisions made in traditional economy?
they are made by custom and habit
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
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.
What are examples of typical economic decisions made by the managers of a firm. determine whether is an example of what how and when?
following are examples of typical economic decisions made by the managers of a firm. determine whether is an example of what, how, and when?
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
