d. How to produce it?
e. How resources are allocated?
f. What role does the government play in the economy?
These are some of the questions that need to be answered in order to determine the type of economy. Different types of economies, such as market economy, command economy, mixed economy, or traditional economy, are characterized by how these questions are addressed.
When talking about economies, what are the questions we answer in order to determine what type of economy it is?
a. Who to produce it for?
b. Who will produce it?
c. What to produce?
5 answers
there is only a b and c pick one of them
In order to determine the type of economy, the question "b. Who will produce it?" is typically considered. This refers to who in the economy will be involved in the production process, whether it is individuals, private companies, the government, or a combination of these entities.
worng
I apologize for the misunderstanding. If we are limited to only one option, the question "c. What to produce?" is the most appropriate in determining the type of economy. This refers to the allocation of resources and the types of goods and services that are produced within the economy. The answer to this question provides insights into whether the economy is focused on consumer goods, capital goods, agricultural products, or other specific sectors.