1.The one who answer the three economic questions in free market system is the Free Enterprises.
- What to produce
- For whom we produce it
- How to produce it.
All of these questions would be analyzed by the free enterprise based on the demand and supply in the market, so they could come up with appropriate product that they could turn into profit.
2. The difference is that in a command economy, the Government is the one that answers all three questions.
In a command economy, the Government obtain total control on all the resources in the country, so private citizens basically do not have any say in all economic matters.
When comparing push versus pull concepts, the person that is really doing the pushing is: The customer.
<h3>What is push versus pull in economies?</h3>
In economies, the concept of push versus pull refers to the manner in which production and demand interplay. In the push system, production is increased because there might be a future need for products whereas, in the pull system, the present demand for a product gives rise to the increase of a product.
The main player who controls the push and pulls is the customer. If the customer demands a product, then production will be stimulated.
Learn more about the push and pull in demand here:
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Answer:
B) the Mahabharata and the Ramayana
Answer:
refusal to give unailenable rights to everyone
Explanation:
Goods and services which is if there is very little of something it will cost more and if there is more of something it will be cheaper