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.
Thank you and please rate me as brainliest as it will help me to level up
Answer:
from which book and which chapter plz tell
The most widely used by therapist in recovering childhood memories is hypnosis. Hypnosis is a way of having a person be placed in a state of concentration, in order for the person to respond to suggestions. It enables a person remember the past and the things that had happened on his or her past. That makes it usable in recovering childhood memories.
The most important effect of the annexation of the Mexican cession was the increase of the United States by size. Some of the surrendered territories were California, Utah, Nevada, most of Arizona, half of New Mexico, a quarter of Colorado and a small porting of Wyoming.
