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4 years ago

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Social Studies

2 answers:

velikii [3]4 years ago

7 0

Answer:

The correct answers for the question: The purpose of economic systems is:____, would be: 1. To answer the three key questions of economics: What to produce, the types of goods and services needed to be produced, and, the resources that are necessary to be used in production. 2. To provide answers to economic choices for the populace, and finally, 3. To help make decisions concerning the what, the how, and for whom, things are produced.

Explanation:

These are the main purposes for creating economic systems, such as the market economy system and the Planned economy system.

Basically, these systems are means by which a country is able to distribute the different resources it has in regards to the five factors of production: capital, labor, entrepeneurs, physical resources and information resources. Through these systems, then, governments are able to use what they have in order to provide for their people, and ensure the maximum and most efficient use of the means available for production and profit.

timurjin [86]4 years ago

5 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

<span>The purpose of economic systems are the below:
</span><span>to provide all answers to economic choices for the populace
to help make decisions concerning what, how, and for whom things are produced</span>

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