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masya89 [10]
2 years ago
9

Which is the most likely reason the ancient Greeks had for believing the sun originated in India?

Social Studies
1 answer:
alukav5142 [94]2 years ago
3 0
<span>India is a very exotic location. </span>
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How does a command economic system answer the three economic questions?
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There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.

In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.

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