Who Answers The Three Economic Questions In The United States?

Who Answers The Three Economic Questions In The United States? In a Centrally planned economy, also known as a command economy, the central government controls the factors of production and answers the three basic economic questions for all of society. How are the three economic questions answered in the US? In its purest form, a

What Are The 3 Essential Economic Questions And What Do They Mean?

What Are The 3 Essential Economic Questions And What Do They Mean? In order to meet the needs of its people, every society must answer three basic economic questions: What should we produce? How should we produce it? For whom should we produce it? What do the three economic questions mean? three economic questions answered.