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crimeas [40]
3 years ago
7

What are three basic questions economic systems answer?

Social Studies
1 answer:
ollegr [7]3 years ago
8 0
The three basic economic questions are:
What goods and services should be produced?
- biased on supply and demand and on the amount of resourses to crate that good or service
How should the goods and services be produced?
- depends on the quality of the product and weather or not there is enough materials to make product
For whom should the goods and services be produced?
-whoever needs or wants them. Law of supply and demand.

~~Baisically all the answers to this question depend on the good or product and the people who need them.
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