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Question: How do different economic systems (e.g.. capitalism, socialism) allocate resources? Don't use
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- Economics deals with the efficient use of resources. Why?Which economic activity is a praxis through which people transform nature to meet their needs in the mean time they transform themselves : a) circulation b) production c) division of labour d) consumptionMake a table two show the difference between free market economy,planned economy,and economey of walfare state.
- Identify the different factors of production. Identify the three (3) central problems of the economy. Identify economic systems or organizations of economic activities. Differentiate normative and positive economics. Help me with this one, please. Thank youuuDraw by defining production possibilities. What happens when the economy is in full and underemployment?Law of increasing opportunity cost: a. Explain it. b. What does it teach us? c. How could it be explained graphically?
- Economics is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with ________, the incentives that influence those choices, and the arrangements that coordinate them. plethora realization scarcity profusionhow to find the Production possibilities frontierQ) What are some economic opportunities and challenges for an ageing population? Can you show this with an economic model. Solve this now. But no copy paste answer providd. Not copy paste
- Activity 2 : Significance of Economic Systems Imagine that you are in your classroom with 30 other students and your professor places in front of you something you all want, such as milk tea and asks how each person living in these economic systems would decide who should get it. PLEASE EXPLAIN HOW IT SHOULD GO ABOUT.(e) expalin normative economic analysis (f) explain market economy in your own words. (g) what do you mean by centrally planned economy? (h) sugar industry is a subject matter of micro economics. Give reason?Q) What are some economic opportunities and challenges for an ageing population? Can you show this with an economic model. Solve this early I upvote. Not copy paste from anywhere.
