Sign In
Ask Question
History
Armando Mcintosh
16 July, 15:34
What is the purpose of economic system?
+4
Answers (
1
)
Omar Barrera
16 July, 16:38
0
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.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What is the purpose of economic system? ...”
in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the name of the explorer that arrived in Florida for the first time in 1513 and claimed its territory for Spain? a. San Agustín c. Pedro Menéndez de Avilés b. Juan Ponce de León d. Hernando de Soto
Answers (1)
Which of the following rights would most likely be protected under the 9th amendment? A. Right to a public trail b. Protection from seizure of property c. Right to be protected from government interference d.
Answers (1)
The corpus juris civilis is a religious document. true or false
Answers (1)
What did the delegates do at the first continental congress
Answers (1)
Which of the following resulted in each state under the Articles of Confederation producing its own currency?
Answers (1)
New Questions in History
How did Alfred the Great contribute to the development of a national identity in England? A) He defeated the Danes and drove them out of England. B) He joined with his three older brothers to divide English lands.
Answers (1)
What were some of the "time bombs" being experienced by the states under the articles of confederation? In other words, identify congress' weaknesses; what did it fail to do?
Answers (1)
How organized was the lndependence movement in india
Answers (1)
Question 9 Which of the following was a common experience for working-class children during the Industrial Revolution? A. Participating in political activism B. Riding a steam-engine locomotive C. Attending a free public school D.
Answers (1)
Why did western europeans support the greek independence movement?
Answers (1)
Home
»
History
» What is the purpose of economic system?
Sign In
Sign Up
Forgot Password?