What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
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1. What goods and services should be produced?
2. How should the goods and services be produced?
3. Who should get the goods and services?
the three questions that economics answers are what products should be made, how many of each, and who should get the products
In every type of economy? How about -- growth rate, employment rate, and trade balance.
For an economy as a whole, income must equal expenditure because:u Every transaction has a buyer and a seller.u Every dollar of spending by some buyer is a dollar of income for some seller.
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
the people
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."