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Who Answers The Three Fundamental Economic Questions In A Traditional Economy. How should we produce it? What will be produced, how it will be produced, and who should get what is produced.
Answering the three economic questions. In order to meet the needs of its people, every society must answer three basic economic questions: The three basic economic questions are:
Every society, regardless of its size, resource availability, and technological development, must address the three basic economic questions: In order to meet the needs of its people, every society must answer three basic economic questions: “introduction to economic systems” critical questions.
Different societies answer the three basic questions differently. How should we produce it? What basic economic goals do.
What goods and services are to be produced? What will be produced, how it will be produced, and who should get what is produced. For whom should we produce it?
A society (or country) might decide to produce candy or cars, computers or combat boots. Answering the three economic questions. What key economic questions must every society answer?
Ssef4 compare and contrast different economic systems and explain how they answer the three basic economic questions of what to produce, how to produce, and for whom to produce. The three basic economic questions are:
