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Technically enough so that the economy is self sufficient and only uses what it produces, so in this way, there is no set about, it depend on size.
However in modern economies of countries known as MEDC's (more economically developed countries), trade is a substitute for goods and services being produced, in terms of international economy.
Think of an economy as a supply and demand problem, the bigger it is, the more goods/ services it needs to produce. At a basic level of something like a Village, you would only need about 3 farmers producing different produce.
It all depends on size, and there is no fixed amount because every case is different.
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What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
Who chooses what to produce in traditional economy?
Families, Clans, or Tribes within the a traditional economy decide what goods and services will be produced. This is based off the customs and traditions that have been followed for generations in said traditional economy
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
What to produce mixed economy?
You should produce mixed goods in a mixed economy.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
Who chooses what to produce in traditional economy?
Families, Clans, or Tribes within the a traditional economy decide what goods and services will be produced. This is based off the customs and traditions that have been followed for generations in said traditional economy
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What goods and services should an economy produce?
products sale money and life finance
What is a major of traditional economy?
Bartering for goods and services
How are goods produced in a traditional economy?
It get produced in factories.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What a traditional economy?
A traditional economy is an economic system where decisions are based on customs, beliefs, or religion within a social community. People work together to produce goods to meet their needs, and share with family. They trade with their community/family with their excess.
