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Musya8 [376]
3 years ago
14

How does each type of economy answer the three basic economic questions?

Social Studies
1 answer:
dybincka [34]3 years ago
3 0

Answer:

The 3 economy systems are "Centrally planned", "Market" and "Mixed". A further explanation is given below.

Explanation:

  • <u>Centrally Planned</u>: This same majority influences what and when to make, how and where to manufacture, and whose should generate.
  • <u>Market</u>: The government regulations through supply side remain connected to any commercial development.
  • <u>Mixed</u>: Finally, it is indeed a hybrid economy with aspects of something like a planned and perhaps a market system.
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