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
Which group profited most from the California gold rush! A shopkeepers B Chinese immigrants C Prospectors D Native Americans
Answers (2)
Article II of the Constitution defines the roles of
Answers (2)
How did the united states go beyond the idea of manifest destiny?
Answers (1)
Why Is the Bill of Rights Important?
Answers (1)
Which of the following events gave the first humans the ability to migrate from Asia to America? A. the invention of the wheel B. the invention of the boat C. the rise of ocean levels due to climate change D.
Answers (1)
New Questions in History
What did hoover do to end the depression?
Answers (1)
Economic systems seek to answer what key economic questions select all that apply
Answers (1)
President Herbert Hoover presidential goals stated in speech
Answers (1)
Was senator Charles summer for or against slavery?
Answers (1)
What did John Jay have in common with Alexander Hamilton?
Answers (2)
Home
»
History
» What is the purpose of economic system?
Sign In
Sign Up
Forgot Password?