Basic questions to be answered by economic institution, Microeconomics

Assignment Help:

What are the basic questions to be answered by economic institution?

Four fundamental questions should be answered by any economic institution as:

a. What goods and services must be produced and in what quantity?

b. How must the product be produced?

c. For whom must this be produced and how must this be distributed?

d. Who makes the decisions?


Related Discussions:- Basic questions to be answered by economic institution

Explain endogenous growth theory, Problem 1: (a) Critically examine the...

Problem 1: (a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory. (b) Show the relevance of such models in explain

GNP, why use GNP in macroeconomichs analysis

why use GNP in macroeconomichs analysis

S block elements , #question.what is the periodc clasification?.

#question.what is the periodc clasification?.

Cost-benefit analysis, Normal 0 false false false EN-IN...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Equilibrium, what is pooling equilibrium

what is pooling equilibrium

What do you meant by enclosures, Q. What do you meant by Enclosures? En...

Q. What do you meant by Enclosures? Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and u

What is the benefit of economics in our life, What is the benefit (main wor...

What is the benefit (main work) of economics in our life?  Economics plays a very important role in development of a country. A country's economy shows the stability of that co

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd