ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a problem a nation might attempt to solve through its economic systems?
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limited supply of goods and services
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democracy
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entrepreneur’s profit motive
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all of the above
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Explanation:
Detailed explanation-1: -The basic problems of an economy can be solved either by the decisions of the Government or by the Market through interactions of buyers and sellers.
Detailed explanation-2: -Solved Question on Basic Problems Of An Economy What to produce? How to produce? For whom to produce? What provisions (if any) are to be made for economic growth?
Detailed explanation-3: -What to produce. How to produce. For whom to produce.
There is 1 question to complete.