liya20042812

21.03.2020 00:23

Английский язык

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Ответить на вопросы к тексту. 1. how many basic types of economic systems stand out? 2. what does a traditional economic system rely upon? 3. when are severe limitations placed upon individual choice? 4. what does a capitalist economic system emphasize? 5. why does the outcome prove to be in the overall best interests of society? это текст three basic types of economic systems 1) to develop some perfective for a study of microeconomics, it helps to begin with a feeling for what an economic system is and how it works. 2) various countries have elected to use different methods both in organizing resources in the production process and in distributing the resultant goods and services.three basic types of economic systems stand out. 3) a traditional economic system relies upon custom, habit, social mores, and tried-and-true methods for achieving economic goals; technology is primitive; changes are slow and production is undertaken in the same way is last year and the year before. tradition and the status quo are perpetuated. 4) a command economic system relies on public ownership and centralized control of the basic means of production; severe limitations are placed upon individual choice when such choices conflict with government-determined economic priorities. economic plans and activities are under die control of an economic commander-in-chief (a king, czar, prime minister, or central planning authority). 5) a capitalistic or market economic systems emphasizes private ownership, individual economic freedom, competition, the profit motive, and the price systems in the achievement of economic goals. each economic unit decides what choices and policies are best for it, the thesis being that in encouraging the drive for individual economic self-interest, the outcome proves also to be in the overall best interests of society because of the strong incentives for efficiency, productivity, and satisfaction of consumers.