Economic systems [EN]
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What referring to a Market system, "private property" means that:
The basic ideas that make a Market system work are:
Planned economy has:
Which of the following is an economic system in which the government and individuals are used to decide how to use scarce resources?
Investing in what 2 kinds of resources can increase a country’s GDP & standard of living?
The doctrine that government generally should not intervene in the marketplace.
The economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors. This is what kind of economy?
This economic system arose at the beginning of the Industrial Revolution.
Which of the following is NOT one of the three basic questions of economics when looking at economic systems?
How do you satisfy your unlimited wants in a world of limited resources?
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