2006-11-18 14:35:28 · 11 answers · asked by Nancy R 1 in Social Science ➔ Economics
It has no objective, it doesnt move towards a goal, it simply exists to provide an avenue for supply and demand.
2006-11-18 14:38:27 · answer #1 · answered by cedley1969 4 · 0⤊ 2⤋
I'll give you three to choose from.
1. All people to have reasonable opportunity to make-ends-meet on basic needs. And experiencing the meeting of basic needs as sustainable, not a threatened or dwindling condition.
2. Generating new prosperity. (Often only part of an economic system seems involved in this.)
3. The market. The investor class must thrive through investment rather than contribution of actual labor. Other elements of the economy are largely irrelevant.
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Frequently one or more of these objectives is at odds with the others.
2006-11-19 00:09:12 · answer #2 · answered by roostershine 4 · 0⤊ 0⤋
The objective of the economy is to satisfy people's consumption needs. People need stuff that they don't already have, and the whole web of human activities and efforts organized around satisfying those needs is the "economy".
2006-11-18 16:17:53 · answer #3 · answered by KevinStud99 6 · 0⤊ 0⤋
There are three questions in economics,one, what to produce, how to produce and to whom should this be given to?
The economy strives to answer the above by allocating resources efficiently and to attain the best productivity so that the needs and wants of mankind can be satisfied.
2006-11-18 15:18:46 · answer #4 · answered by floozy_niki 6 · 0⤊ 0⤋
To provide goods and services to its consumers and the consumers to provide revenue to continue the supplier's output.
Round and round the mulberry bush, the monkey chased the weasel.
My own theory is that the economy is just greed. Consumers want to save us much as they can, producers want to make as much as they can. Its a tug of war.
2006-11-20 08:39:39 · answer #5 · answered by TrixyLoo 5 · 0⤊ 0⤋
the objectives of an economy include:
low level of unemployment
stable growth
low level of inflation
2006-11-22 04:58:16 · answer #6 · answered by ???? 2 · 0⤊ 0⤋
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2006-11-18 15:00:53 · answer #7 · answered by lna o 1 · 0⤊ 2⤋
stable economic growth
low inflation
low unemployment
balance of payments
2006-11-19 07:01:25 · answer #8 · answered by Bunnybody 2 · 0⤊ 0⤋
To make the rich richer.
2006-11-18 19:40:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
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2006-11-18 15:33:40 · answer #10 · answered by lnd o 1 · 0⤊ 2⤋