A charter is a formal document that is like a road map for what an organization, team or project is intended to be and accomplish.Answer:
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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
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A
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Democrats dont do those such things lol
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I like your transitions but make sure to indent your paragraphs!
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Also don't use personal pronouns like "I,me,you,us"
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a) Unity of Effort
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These challenges are best met when all capabilities are integrated and synchronized to achieve Unity of Effort. This refers to the state of harmonizing the different efforts among various sections or departments in order to work towards a similar objective, thus reducing the duplication of effort from those departments working on different objectives which will eventually lead to the common objective.
