what are the two important functions that an economy performs?
Answers
Answered by
0
Answer:
Two major types of economics are microeconomics, which focuses on the behavior of individual consumers and producers, and macroeconomics, which examine overall economies on a regional, national, or international scale.
Answered by
0
2) What are economic functions?
A function is a mathematical relationship in which the values of a single dependent variable are determined by the values of one or more independent variables. ... A goal of economic analysis is to determine the independent variable(s) which explain certain dependent variables.
1) what are the two important functions that an economy performs?
Thus all economies whether they are capitalist, socialist or mixed perform these important functions of consumption, production and growth.
Similar questions