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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It is the capitalist economy
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
This new tunnel revolutionized transportation in Europe and overcome this physical barrier because the Swiss engineers built the world's deepest and longest tunnel in the world, increasing the effectivity of train freight transportation across Europe.
We are talking about the Gotthard base tunnel, in Switzerland. According to the article "Swiss create the world's longest tunnel," was so complex to build that engineers and workers lasted 20 years to complete. It is a tunnel for trains. It has 35 miles of longitude and crosses the Alpes mountains.
Answer:
Explanation:
Hỏi con gà là chuẩn nhất cậu ơi nhưng mà đã có chứng mình rằng gà có trước rồi nhé
Answer: D
Explanation: Because When Japan was Making up it's lack of Natural Resources They Used All the Money they had and Invested In Human Capital and Capital Goods And Japan is a High Country with a Really High GDP and What they Did before They Invested was They Sold Their Resources and Bought Them Back for a Higher Price when they Were Refined and Then Japan Placed it's Factories in The USA and Many Other Countries. Japan Put their Factories That Produced Cars Like FORD,TESLA,TOYOTA,DATSUN,SUBARU,HONDA,MAZDA,CHRYSLER,MITSUBISHI,NISSAN,CHEVROLET. That's How They Got Their Country's GDP and Literacy Rate and Standard of living So High.
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