1) What are the four types of economic systems? Traditional economy , Command economy, Market economy and Mixed economy. 2) What is the purpose of an economic system? 3) Which countries/societies use a traditional, command, market and mixed economic system? 4) What are two advantages and t...
1) What are the four types of economic systems? Traditional economy , Command economy, Market economy and Mixed economy. 2) What is the purpose of an economic system? 3) Which countries/societies use a traditional, command, market and mixed economic system? 4) What are two advantages and t...
Economic utility is the totalamount of satisfactionsomeone experiences when they consume a particular product or service. There are four types of economic utility: form, time, place, and possession. These help measure how much fulfillment someone requires to satisfy a particular need or want. Compan...
onmethatnootherplacehas,”Ginnisays.“IrememberthefirsttimeIsawahumpbackwhale;it justroseoutofthewaterlikesomeprehistoric creatureandIthoughtitwassmilingatus.You couldstillheartheoperaticsoundsitwasmaking underwater.” Therealizationthatthisisapreciousland,to berespectedbyhumans,wasoneofthebiggest thingsthathi...
What are the four basic economic units in the U.S. financial system? Financial Market: The main function of a financial market is to channel funds from lenders to borrowers, i.e., as intermediaries. Indirect financing, which are facilitated by financial intermediaries, is many times...
What Are the Four Asian Tigers? The Four Asian Tigers are the high-growth economies of Hong Kong, Singapore, South Korea, and Taiwan. Fueled by exports andrapid industrialization, the Four Asian Tigers have consistently maintained high levels of economic growth since the 1960s, and have collecti...
These are the four factors of production in the sector: Land: Production-related natural resources found on land include minerals, trees, and water. ... Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your ...
Economic systems determine how goods are produced, who produces those goods and for whom those goods are produced. How those factors are addressed determines the type of economic system. Four main types of economic systems exist, with variations on each type that produce other systems. The economi...
2. What are the speakers doing? A. Making dinner. B. Ordering some food. C. Shopping for a party. 3. What does the woman decide to do? A. Go climbing. B. Buy camping equipment. C. Stay at home. 4.What are the speakers mainly talking about?
An economic sector is a type of business activity in an economy. There are various ways of dividing the sectors of an economy, but...