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:
The camel, possibly
Explanation:
No animal is known as "the sheep of the desert" as far as I can tell, but the camel is sometimes called "the ship of the desert".
Hi. I am not sure if the choices are the ones written right after your question. Just in case they are, let me go ahead and answer this one for you.
The Freedom Summer try to accomplish the registration of black voters. This was in Mississippi which previously had prevented from most blacks from voting. <span />
Answer:
Explanation:
It serves as the second highest court in the state.
It corrects legal errors made by lower courts.
It reviews cases that were previously decided.
It makes rulings on civil cases being heard for the first time.
It decides criminal cases that have not appeared in another court
