four* functions of an economy.
Not what you're looking for?
There are three answers which must be addressed by any economy. For each of the questions, I would like a criticism with how that question is answered in the U.S. (or any country in which you currently reside).
Thanks for your help
Purchase this Solution
Solution Summary
The four functions of an economy are correlated to America.
Solution Preview
I'm thinking the question is asking about the four* functions of an economy. The main decisions within an economy are:
1. What to produce
2. How much to produce
3. How to produce it
4. Who should produce it
These four factors generally determine what type of economy we are living in, such ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.