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The performance of a particular productive task within an economic system?
Wiki User
∙ 9y ago
A productive task within an economic system usually benefits many individuals within the system. The performance of these tasks will ultimately improve the economy in the long term.
Wiki User
∙ 9y ago
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In an economic system decisions need to be made about productive resources and which of the following?
Allocation
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.
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
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 is economic responsibility?
Th obligation of individuals in a Free Enterprise/ Market system to function as productive members of society.
In an economic system decisions need to be made about productive resources and which of the following?
Allocation
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.
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
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 is economic responsibility?
Th obligation of individuals in a Free Enterprise/ Market system to function as productive members of society.
When the productive capacity of the economic system of a state is inadequate to create sufficient number of jobs it is called?
cyclical unemployment
Economic system are based on?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
In the system workers are most productive and Nations economies functions most effectively when people and businesses can pursue their economic interest privately?
Conservation
What has the author Daniel Rutledge Vining written?
Daniel Rutledge Vining has written: 'On appraising the performance of an economic system' -- subject(s): Economic history, Economic policy, Economics
In this system workers are most productive and a nation's economy functions most efficiently when people and businesses can pursue their economic interests privately?
laissez faire
In this system workers are most productive and a nation's economy functions most efficiently when people and businesses can pursue their economic interests privately.?
laissez faire
What is the economic system and economic activity?
These are how an economy is doing in a particular area. This will vary depending on the time in history, the country, and how much the government intervenes.
