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Discuss three major economic decisions people in any economy need to make, and explain how these choices have?

2007-03-10 06:08:27 · 2 answers · asked by lena 1 in Social Science Economics

2 answers

The Three Fundamental Economic Questions:

Every economy must answer these three questions...

1) What will society produce?

2) How will society produce it?

3) Who will get what society produces?

You were unclear with the second part of your question.

2007-03-10 06:59:05 · answer #1 · answered by tapeboy 2 · 0 0

I can only answer the first part since I don't follow the ending.

3 major decidions people in any economy need to make are:

Saving
Spending
Borrowing

Those are the major 3.

2007-03-10 06:19:30 · answer #2 · answered by Luis 6 · 0 0

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