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In which economic system do individuals answer the basic economic questions?
market economy
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
What are the basic economic choices?
first of all, ask yourself the definition of economic choice
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
In this economic system smith believed that basic economic questions were answered by which group?
market
In which economic system do individuals answer the basic economic questions?
market economy
How do the four economic systems answer the three basic questions of economics?
Societies answer the three economic questions based on their values!
What are the basic economic choices?
first of all, ask yourself the definition of economic choice
What are the three economic questions that economic systems must answer?
The 3 basic questions in economics are: What to produce? How to produce? For whom to produce?
In this economic system smith believed that basic economic questions were answered by which group?
market
How do we classify a nation's economic system?
According to how the three basic economic questions are answered.
The basic economic questions are answered as you have always done?
traditional
What type of economy answers the three basic economic questions?
3 types of economic system
What type of economic system answers the basic economic questions in the circular flow?
Free Enterprise
In his economic system smith believed that basic economic questions were answered by which group?
market aPLUS
What type of economic system answers the basic economic questions in the circular model?
Free Enterprise
What three basic questions do economic systems address?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
