BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The three economic questions each organization must answer are:What should be produced? How should it be produced? and:
|
|
For whom should it be produced?
|
|
|
Where should it be produced?
|
|
|
Why should it be produced?
|
|
|
When should it be produced?
|
Explanation:
Detailed explanation-1: -An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed? There are two extremes of how these questions get answered.
There is 1 question to complete.