Explain the concept of economy, delineating between micro and macroeconomic principles, and discuss how scarcity and factors of production require nations to make economic choices. Compare and contrast how the various economic systems (traditional, market, command, mixed) try to answer the questions: “What to produce? How to produce it? For whom to produce?”
Standard detail
8
Depth 1Parent ID: 4518DDC4D15949358A1EDDA665914C9BStandard set: Marketing & Management I: Principles
Original statement
Quick facts
- Statement code
- 8
- List ID
- 8
- Standard ID
- 932AC60E1D26481F9DD13D34971F292E
- Subject
- CTE (2020-)
- Grades
- 10, 11
- Ancestor IDs
- 4518DDC4D15949358A1EDDA665914C9B
- Source document
- Marketing & Management I: Principles
- License
- CC BY 4.0 US