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

If anyone can please help asap
Define “internet sources” in your words
The title of most cabinet members is_____ help me please
Why won´t it let me answer questions that are not already answered?
- 2.5f + 0.4f - 13-5 – 2.5f +0.4f - 13-5=
Predict: Why aren't all organisms made of just one cell? Why do cells divide, instead of simply growing larger?
Which of these is NOT a sedimentary rock?ShaleLimestoneBasaltSandstone​
Which of the following best describes the cause of bloat in cattle? Gas is trapped in the rumen stomach and forms a foam that is difficult to pass. Flies and ti
Local factors are important for regulating blood flow to tissue capillary beds. For example, in skeletal muscle tissue that is actively contracting, levels of o
Paige earns $15.50 per hour and works 20 hours each week. She gets a 10% raise and decides to save 20% of her paycheck for a new phone. How much money will Paig