Slide 1Economics in Africa and Asia Slide 2 All Economic Systems seek to answer the three basic economic questions 1) What to produce? 2) How to produce? 3) For whom to produce?…
Slide 1 Slide 2 Traditional Economies Command Economies Market Economies Mixed Economies Four Types of Economics Slide 3 Traditional economies are found in rural, non-developed…
1. Economic Systems 2. All Economic Systems seek to answer the three basic economic questions 1) What to produce? 2)How to produce? 3) For whom to produce? 3. Traditional…