Three Essential Questions of Production
Three Essential Questions of Production
Economic Understandings Standard SS7E5:
The student will analyze different economic systems.
Every society must deal with providing goods and services
for its people.
Each society must also develop an economic system that can decide how to use the limited resources of that
society as well.
Three basic questions must be answered:
a) What goods and services must be produced?
b) How will these goods and services be produced?
c) Who uses the goods and services that are produced?
Definition:
An economic system is a collection of formal and informal institutions, laws, systems of beliefs, and values which provide a framework for collective decision making.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- research on the market economy model
- three essential questions of production
- market economies and the price system
- the wartime japanese economy columbia university
- policy options for environmental
- the ancient egyptian economy saylor academy
- department of defense
- chapter 3 command economy and its legacy
- economic incentives versus command and control
- traditional command market
Related searches
- three questions of philosophy
- the art of asking essential questions pdf
- examples essential questions for writing
- essential questions for narrative writing
- essential questions in ela
- essential questions for informative writing
- essential questions for reading comprehension
- essential questions for teachers
- essential questions first grade reading
- essential questions for reading fluency
- essential questions for reading standards
- essential questions for writing units