Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
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.
Thank you and please rate me as brainliest as it will help me to level up
depends on the situation but I would write N/A
PLEASE MARK THIS BRAINLIEST IF YOU CAN!!!
16. Two inventions in Ancient India include the ruler and plastic surgery. The ruler was invented in 2400 BC because ancient indians needed a form of measurement. Plastic surgery was invented in 2000 BC and was usually practiced on faces to reconstruct defects.
17. A structure invented in Ancient India that demonstrates advanced architecture is the weighing scale, the scale had to have had a lot of precise planned structure done to be created.
18. Three important components of Hinduism are artha (means prosperity), kama (meaning passions) and moksha (which is freedom from the cycle of death and rebirth/salvation).
19. Some similarities between Ancient India and other early civilizations are that they all built cities, invented forms of writing, and learned to make pottery.
hope this helps luv <3, let me know if you need help with anything else! :)
The type of context clue that you would use to determine the meaning of "apprehensive" is a synonym.
<h3>What is a Synonym</h3>
This refers to the nearest in meaning of a word as used in a sentence, based on available context,
Hence, we can see that The type of context clue that you would use to determine the meaning of "apprehensive" is a synonym and this shows that he was scared,.
Read more about synonyms here:
brainly.com/question/76433
#SPJ1
