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What are the four fundamental economic questions?
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 is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
What are the Fundamental characteristic of the market system?
What are the Fundamental characteristic of the market system?
What do you understand by economic system?
An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.)
What are the different economic system?
traditional economic system command economic system market economic system
Which cultural term refers to the rules that govern the functions of institutions organizations and interest groups?
Economic System
What was the proposed economic system of the federalists?
A system of national institutions directed by men who understood finance and would work for the good of the people
What is the fundamental role of information system in business?
What is fundamental information system What is fundamental information system What is fundamental information system What is fundamental information system
What is the Nigerian political economic system?
I believe it is better to say 'politico-economic system', as a single wording or separately as 'political and economic systems'. They both mean thesame thing, and infer that there is a strong interchange between the political system (with institutions & Politicians as actors) and the economic system (with corporations & businessmen as actors). In this situation, those who have political powers control the economic system, and those who have economic power influences or control the political system.
What are the four fundamental economic questions?
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 is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
What are the Fundamental characteristic of the market system?
What are the Fundamental characteristic of the market system?
What do you understand by economic system?
An economic system contains three types, market,command, and traditional. Market is selling stuf on your own, traditional is well a tradition and commmand is being told to do so by the government.(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.)
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
Infinite needs most characterize which economic system?
The present conditions under which we presently live, the conditions of war.
What type of economic system is found in Germany?
Germany has an Industrial based economy. Their economy at present is really strong.
