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What is the most basic economic system?

Anonymous

∙ 16y ago

Updated: 4/28/2022

Barter, as goods and services are exchanged without the need to establish any intermediary value(s) (monetary). A days worth of my strong back is worth . . . how many of your chickens?

Wiki User

∙ 16y ago

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Q: What is the most basic economic system?

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Continue Learning about Economics

The most basic economic system is?

command economy

A basic characteristic of a command system is that?

A basic characteristic of a command system is that the government owns most economic resources.

Which of the following is a goal of the leaders of most economic systems?

The most basic economic institution in market economies is the system of markets.

What is a basic characteristic of a command system?

The government owns most economic resources with a command system.

In which economic system do individuals answer the basic economic questions?

market economy

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Related Questions

The most basic economic system is?

command economy

A basic characteristic of a command system is that?

A basic characteristic of a command system is that the government owns most economic resources.

Which of the following is a goal of the leaders of most economic systems?

The most basic economic institution in market economies is the system of markets.

What is a basic characteristic of a command system?

The government owns most economic resources with a command system.

In which economic system do individuals answer the basic economic questions?

market economy

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.

What is the economic system of Austria?

Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic questions ...

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

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