What Are The Three Basic Economic Questions
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What Are The Three Basic Economic Questions
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1 What goods and services should be produced 2 How should these goods and services be produced 3 Who consumes these goods and services Economic System the structure of methods and principles a society uses to produce and distribute goods and services Factor Payments The basic questions of economics become: What to produce? How to produce? For whom to produce?
What Are The Three Basic Economic QuestionsThese questions are: What should be produced? How should it be produced? For whom should it be produced? Learn Test Match Q Chat Created by wilkinsag Terms in this set 12 what are the three basic economic questions 1 What goods services should be produced 2 How should they be produced 3 Who consumes these economic system the structure of methods and principles a society uses to produce distribute goods services factor payments