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:1. the right to be safe
2. the right to receive compensation
3. the right to choose freely
4. the right to be heard
5. the right to be informed
6. the right to education
7. The right to service
Explanation:
Right to Safety
- The consumer must be protected from good that may pose threats to their life , this means safe medicines, pharmaceuticals, automobiles and foodstuffs. This are vital product in one's life hence they need to go through test to ensure safety
Right to Information
- consumers should be made aware of the quality and quantity of the products , price and other necessary information concerning that product.
Right to Choose
- consumers need to have access to various similar products and make their choice freely
Right to be compensated
- A consumer can file their complaints if they are not happy and they need to be compensated in that regard.
Right to be Heard
- The consumer must be taken serious when they send their issue to court
Right to Consumer Education
- They need to know what their rights are as they purchase certain goods
Right to service
- A customer has the right to good service .
Answer: "declarative" .
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<span>An example of a Monarch during the Middle Ages is Eleanor of Aquitaine. </span>
The answer would be true
Explanation: In manhattan city builers were short on land and figured they could build up instead of using more land and building wide horizontally.
