ortizf ortizf
  • 02-11-2017
  • History
contestada

What is the purpose of economic system ?

Respuesta :

nataliecheung6oyskeg nataliecheung6oyskeg
  • 02-11-2017
The purpose of the economic system is to allocate it's scarce resources. Since the resources are scarce (limited) something must be sacrificed to obtain something else. That is why nothing is free (there is no such thing as a free lunch). To use a resource for one thing is to not use it for another.
Answer Link

Otras preguntas

URGENT!!! Please help I keep getting this one wrong.
Which statement would John Quincy Adams most likely have made?
At a competition with 8 runners, 2 medals are awarded for first and second place. Each medal is different. How many ways are there to award the medals?
* Describe the structure and behavior of the inner Earth
I need help with this.(Answers that are absurd or incomplete will get reported.)
A community plans to build a facility to convert solar radiation to electrical power. The community requires 2.20 MW of power, and the system to be installed ha
... Sta je to glas ?
A store pay $120 for a bicycle. The store has a 60% markup policy. What is the selling price of the bicycle? (answer $192) Use your answer from the above questi
Find the area of a circle with a diameter of 6 feet. Find both the exact area and the area rounded to the nearest
Hey, can you describe 5 minutes the picture and say what it symbolizes please?