three major problems of economics,and three types of economic system?

Question

and explain each system briefly

Answer 1

Homework question, eh?

I'm going to give you a list of twenty of each. You pick the three.

Major problems:
Allocation Belligerence Collusion Distribution Efficiency
Failure Heterskedasticity Indigeneity Juxtaposition Kurtosis Luminence Mundanity Neologistics Organization Pedantry Resourcefulness Scarcity Truth Utility Welfare

Types of systems:
Altruistic Beneficial Centrally-planned Dominant Egregious
Federal General Homeland Indigenous Justice
Laissez-faire Malthusian National Organizational Prurient
Republic Socialist Thomastic Utilitarian Xenophobic

Answer 2

There are only three major microeconomics problems? ;-) That's an oversimplification, but: * Laissez-Faire will approach through a market system * Central planning will approach the problems as "market imperfections" and require some form of a fix. * Socialism will dictate entirely the allocation of quantities as well as teh corresponding price level. Thus the 'solutions' create their own problems. I can't be more specific - this is really a very general question.