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.
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Answer: Office of Management and budget assists the president in overseeing the federal budget planning and manages the operation of the departments in the Executive Branch. Some major Office of Management and budget functions are: Management and synchronisation of the recruitment, financial management, information and regulatory policies of the administration.
Explanation: I learned it on my social studies class.
Wide-awake and Unromantic are opposite.
Till then. -ayeitswesley
The answer is A. Sociology is the study of human
communal relationships and organizations. Sociology's topic
matter is varied, extending from crime to religion, from the family to the national,
from the separations of race and communal class to the communal opinions of a
common culture, and from social constancy to fundamental change in whole civilizations.
The many faces of emotion do not differ significantly from one culture to another
