economic problems project introduction
Answers
Answer:
Economic systems as a type of social system[1] must confront and solve the three fundamental economic problems:[2]
What kinds and quantities of goods shall be produced, "how much and which of alternative goods and services shall be produced?"[2]
How shall goods be produced? ..by whom and with what resources (using what technology)...?"[2]
For whom are the goods or services produced? Who benefits? Samuelson rephrased this question as "how is the total of the national product to be distributed among different individuals and families?"[2]
Economic systems solve these problems in several ways:"... by custom and instinct; by command and centralized control (in planned economies) and in mixed economies[2] that "...uses both market signals and government directives to allocate goods and resources."[3] The latter is variously defined as an economic system blending elements of a market economy with elements of a planned economy, free markets with state interventionism, or private enterprise with public enterprise..
Explanation:
hope it's help you mark me as brainlist have a nice day