Economic Systems
An economic system describes how a country’s economy is organized Because of the problem of scarcity, every country needs a system to determine how to.
Economic Systems. The purpose of economics The purpose of economics Economics seeks to answer the basic question of how to deal with SCARCITY.
Economic Systems. Why do we have Economic Systems? Survival for any society depends on its ability to provide food, clothing, and shelter for its people.
Economic Systems UNIT TEN NOTES. Economic Systems An economic system describes how a country’s economy is organized Because of the problem of scarcity,
