When talking about economies, what are the questions we answer in order to determine what type of economy it is?
A. Who to produce it for?
B. Who will produce it?
C.What to produce?
D. How to produce it?
E. How to distribute the goods and services?
so is it what to produce?
Yes, "What to produce?" is one of the questions we answer when determining the type of economy. It refers to the allocation of resources and decisions about the goods and services that will be produced in the economy.
worng
I apologize for any confusion. When determining the type of economy, we usually consider the following questions:
1. What to produce?
2. How to produce it?
3. Who will produce it?
4. Who to produce it for?
5. How to distribute the goods and services?
These questions help us understand the nature of economic systems and the allocation of resources in a particular economy.
a. Who to produce it for?
b. Who will produce it?
what is it a or b
I apologize for the confusion earlier. To clarify, the correct order of the questions is:
a. Who to produce it for? (target consumers or market)
b. What to produce?
c. How to produce it?
d. Who will produce it?
e. How to distribute the goods and services?
So, "Who to produce it for?" is the first question we answer when determining the type of economy. It refers to identifying the target consumers or market for the goods and services that will be produced. "Who will produce it?" is the fourth question we answer, which pertains to identifying the individuals or entities responsible for the production of goods and services in the economy.