Ppt Answering The Three Economic Questions Powerpoint Presentation

Ppt Answering The Three Economic Questions Powerpoint Presentation Problems of a centrally planned economy. section 3 assessment 1. in a socialist country, (a) central planning is unnecessary. (b) the government often owns major industries, such as utilities. (c) an authoritarian government controls the economy. (d) economic equality is not important. 2. Answering the 3 economic questions by: lisa ennis 8th period. terms to know • economic system the method used by a society to produce and distribute goods and services • factor payments income people receive for supplying factors of production • safety net government programs that protect people experiencing unfavorable economic conditions • standard of living level of economic.

Ppt Answering The Three Economic Questions Powerpoint Presentation 3 economic goals societies answer the three economic questions based on their values and goals. economic goals making the most of resources economic efficiency freedom from government intervention in the production and distribution of goods and services economic freedom assurance that goods and services will be available, payments will be made on time, and a safety net will protect individuals. The economic systems of most countries embody one of three major economic structures: free enterprise economies, command economies, or mixed economies. the three basic questions: determining a society’s economic system because all economic resources are scarce, every society must answer three questions: what goods and services should be produced?. Economic systems and the role of government economic systems and the role of government marketing co op a nation must answer the three economic questions when deciding how to use its limited resources. | powerpoint ppt presentation | free to view. 16 review questions identify the three key economic questions every society must answer. analyze the societal values that determine how a country answers the three economic questions explain the characteristics of traditional, command, and market economies and describe the societal values that influence them.