economic systems infographic activity answer key what is an economic system every society must decide how to organize economic activity this choice involves tradeoffs economists have developed economic system models ...
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...Economic systems infographic activity answer key what is an system every society must decide how to organize this choice involves tradeoffs economists have developed models help us understand the benefits and costs we face when choosing our economy in a particular way although no country on earth adheres entirely one model understanding assumptions underlying pure command market can inform choices questionnaire these items refer second block of identify three basic questions i produce ii iii for whom b describe difference between answers government or central planner makes all decisions about production goods services private individuals businesses make will not continue good service if consumers do buy product perform better processes become more efficient prices reflect cost ability afford give example produced united states using c justify your content from poster vary d third choose advantage disadvantage listed each write it left column chart below own words specific has experienc...