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:
To achieve his purpose, Jackson encouraged Congress to adopt the Removal Act of 1830. The Act established a process whereby the President could grant land west of the Mississippi River to Indian tribes that agreed to give up their homelands.
Answer:
Factory workers put in very long hours for six days a week.
Explanation:
Answer:You can go with your friend for couple of hours however you must make sure that you save the work you have completed before exiting the page or closing the page or your computer.
Explanation: If the professor has given you unlimited time that means you have plenty of time to complete it and the best thing is you have already started the assignment.
You can then come back continue with your assignment and submit it before the due date .
Hours of being away from writing your assignment may even refresh your mind and help you from being exhausted or exhausting your mind .
