Each society answers the three basic economic questions based on


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The three economic questions that every society must answer are

A. What goods will be​ produced, how will they be​ produced, and who will receive the​ goods?
B. What are the prices of​ goods, how are they​ determined, and who will pay for​ them?
C. What economic system will be​ used, how will it be​ implemented, and who will make market​ decisions?
D. What kind of government will the society​ have, how will it be​ run, and who will run​ it?

Answered by admin @



Answer:

The correct answer is A. What goods will be​ produced, how will they be​ produced, and who will receive the​ goods?

Explanation:

- Questions about what goods and services should be produced have always overwhelmed entrepreneurs. There are very few guarantees that a new product, once it has entered the market, has in the case of a country and from an economic point of view, this question should be asked about the resources available instead of asking about some specific product.

- Knowing what is produced is half the battle won, but knowing how it is produced is the most important thing. This idea encompasses much more than the infrastructure and resources available.

Again, in developed economies the problem lies mainly with companies, but in many cases, companies depend on the government to create these conditions.

- If nobody buys the product, it makes no sense that it is produced. In a modern economy, thanks to communications, companies do not start to produce something until they are sure that there is a market that will buy it, but sometimes a company's product does not achieve success exactly like that. Therefore, the definition and importance of the economy must be taken into account, so future evils will be avoided.


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