0
Add your answer:
Earn +20 pts
Which economy answers the three basic economic questions with the phrase Do as we have always done?
Market
Which of these represents a market economic system?
By buying or not buying goods and services, consumers provide answers to the basic economic questions
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
Producers reacting to consumer choices provide most answers to the basic economic questions?
market
What types of economic systems exist throughout the world today?
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
By buying or not buying goods and services consumers are helping provide answers to the basic economic questions?
market
By buying or not buying goods and services consumers are helping provide answers to the basic economic questions.?
market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
market
What are the most important differences between state socialism and market socialism?
Market socialism should be contrasted with a planned economy, or planned socialism. Market socialism involves the use of markets and prices for determining how to use and allocate factors of production among organizations. These organizations may be state-owned or co-operatively owned; so market socialism can be a type of state socialism. State socialism is contrasted with co-operative socialism. In state socialism, the means of production are owned and managed by a public body. In contrast, cooperative socialism involves ownership of the means of production by the employees or by councils of consumer co-operatives. It is possible to have state-market socialism and cooperative-market socialism. Likewise, it is possible to have cooperative-planned socialism and state-planned socialism.
In which economic system do individuals answer the basic economic questions?
market economy
What is definition of market socialism?
market socialism is a term used to denote two different economic system based in socialism which operate according tomarket priniciples.
