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as well as the various economic goals that each tries to achieve?

2007-09-28 12:48:03 · 2 answers · asked by Anonymous in Social Science Economics

2 answers

In sum the questions are "What? How? For whom? ". ie
1) What to produce (guns or butter type question).
2) How to produce these goods/services? (use labour or machines)
3) Who gets the production (supply and demand etc)

Economic goals vary from economy to economy. They can be - full employment, stable currency, economic growth, good trade balance etc. Some of these goals conflict with each other so a trade off needs to occure.

2007-09-28 15:47:34 · answer #1 · answered by jemhasb 7 · 0 0

the three common questions that each and every society could desire to respond to are: what would be produced, how will it is produced, and who gets what's produced. Taken mutually, those 3 questions contain the common financial concern.

2016-10-20 06:25:12 · answer #2 · answered by balsamo 4 · 0 0

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