History, 07.04.2021 22:30 erica11223344
Describe how both command and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. Then explain the advantages and disadvantages of each economic system. Make sure to use the terms that we learned in this unit. For example, the factors of production, opportunity cost, trade offs, incentives and scarcity to name a few.
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Describe how both command and market economies answer the economic questions of (1) what to produce,...
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