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PilotLPTM [1.2K]
3 years ago
8

What is the function of an economic system?

English
1 answer:
Ksenya-84 [330]3 years ago
4 0

The function of an economic system is to provide for production, allocation, distribution and regeneration of resources.

The economic system has to perform the function of deciding what goods and services should be produced, how or in which manner they should be produced, how much and for whom the production should be done. The allocation of products and services refers to consumption ( for present use ) and investment ( for future use).

The four different types of economic systems are: traditional, command, market and mixed.

Any economic system must achieve the best use of its scarce resources and try to reach maximal employment and high economic growth.

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emmainna [20.7K]

Answer: Hi There are three components of change: births, deaths, and migration. The change in the population from births and deaths is often combined and referred to as natural increase or natural change. Populations grow or shrink depending on if they gain people faster than they lose them.

Explanation:

3 0
3 years ago
(link attached) What is meant by the last line of the text? How did the Maginot Line serve as an example of this saying? Support
NikAS [45]

Hello. You did not enter the line of text to which this question refers. However, when researching your question, I was able to find a question like yours and realized that the line of text you forgot to present was “Generals always fight the last war”.

Answer and Explanation:

The line “Generals always fight the last war” means the existence of a faith that successful attitudes in the past will be equally successful in the present, even though the present and the past are completely different realities. The Maginot line serves as an example for this sentence because it achieved its goal of protecting France from German invasion during the First World War. Because of this success, it was used again as a strategy in the second world war. However, the two wars were very different, as were the German strategies, which meant that the Maginot line was no longer able to provide any protection to France, which was invaded by Germany.

5 0
3 years ago
Tomas could not find a trace of Nancy in the apartment; it was as if she had never been there at all.
Mice21 [21]
He could not find a hint; He could not find a sign; He could not find a trail; He could not find a clue.

4 0
3 years ago
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Rudiy27

Answer:

c. occurring at the same time

Explanation:

simultaneously means to do at the same time and c is the only answer choice that reflects this

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