The economic questions about what and how to produce in a...
The economic questions about what and how to produce in an economy is solely answered by the _______?
Government
labour union
Private and public enterprises
System of economy practised
Correct answer is D
Every society answers the three basic economic questions differently, in doing so, each confronts the same fundamental problems: resources allocation and scarcity. For every society, the answer to the three basic questions depend on what kind of economic system it uses. The term economic system refers to the way in which a society organize the production and distribution of goods and services.
Liquidity preference refers to the ...
All the following are methods of determining prices except? ...
Supply in Economics means making ...
The equilibrium position of a firm is attained ...
Labour productivity is defined as ...
One major problem facing West African countries is ...
One-man business are popular in West Africa because of all the following except the ...
The following except ONE, are the differences between international trade and internal trade ...
Agriculture plays a dominant role in our country because ...
Which of the following is not a source of finance for a one-man business? ...