Answers.com > Wiki Answers > Categories > Science > Social Sciences > Economics > What are the three basic economic systems?

What are the three basic economic systems?

In: Economics [Edit categories]

Answer:

1. What goods and services should be produced? (goverment,producer, consumer)
2. How should these goods and services be produced? (goverment, producer, consumer)
3. For whom should the goods and services be produced?(goverment, producer, consumer)

Note: There are comments associated with this question. See the discussion page to add to the conversation.

First answer by ID2385393167. Last edit by Vicky101. Contributor trust: 4 [recommend contributor ]. Question popularity: 16 [recommend question].

[report abuse]

Can you answer these Economics questions?

	What role does each part play in the circular flow model?	Answer it!
	What were the reform measures?	Answer it!
	Can List down the economic institutions?	Answer it!
	What are the differences between firms already established in a monopolistic competition industry and those attempting to enter?	Answer it!
	What percentage of economists in the USA are Keynesian versus Free Market?	Answer it!

Relevant answers:

What are the three basic types of economic systems?
i think it is socialism, capitalism and communism but im not sure im in 7th grade social studies class and im having troubles on my HW(homework)....
How do the four economic systems answer the three basic questions of economics?
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
What three basic questions do economic systems address?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
What are the three basic economic questions?
What goods and services should be produced? How should the goods and services be produced? For whom should the goods and services be produced?