What are economic systems, Business Economics

Assignment Help:

What are economic systems?

An economic system is the system of organisations utilized by a society to solve the economic difficulty of what how and for whom to make. There are four types of economic system.

a. Traditional economy

b. Free market economy

c. Planned or command economy and

d. Mixed economy


Related Discussions:- What are economic systems

Compare perfect and imperfect markets, Question 1 Explain the law of dimin...

Question 1 Explain the law of diminishing returns. What are its causes and effects? Question 2 Compare perfect and imperfect markets Question 3 A monopolist with a linea

How can the population controlled, How can the population controlled? G...

How can the population controlled? Governments can take some steps to controlled populations: • Enhance the education of women and their employment opportunities raises and

The authorities institute an emission charge , A critically important crite...

A critically important criterion that must be considered in evaluating environmental policies is whether they provide strong incentives for people to find new ways to improve ambie

Scarcity, explain the role scarcity of resources plays in economic decision...

explain the role scarcity of resources plays in economic decision making

Economic dynamic integral, MC=25+30Q-9Q^2 fixed cost=55 find total cost av...

MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost

Wheeled coach, What is an alternative process strategy to the assembly line...

What is an alternative process strategy to the assembly line that Wheeled Coach currently uses?

Explain the likely causes and consequences of inflation, QUESTION In se...

QUESTION In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy. Explain the likely causes and conseque

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