Discuss three major economic decisions people in any economy need to make, and explain how these choices ha?

Discuss three major economic decisions people in any economy need to make, and explain how these choices have?

Answer:
The Three Fundamental Economic Questions:

Every economy must answer these three questions...

1) What will society produce?

2) How will society produce it?

3) Who will get what society produces?

You were unclear with the second part of your question.
I can only answer the first part since I don't follow the ending.

3 major decidions people in any economy need to make are:

Saving
Spending
Borrowing

Those are the major 3.

The answers post by the user, for information only, FunQA.com does not guarantee the right.



More Questions and Answers:

More Questions and Answers:
  • Economic effects if gold became worthless?
  • What does "subsidizing oil companies" mean? Is it a good thing, or bad?
  • Is Keynes’s theoretical model still relevant for twenty-first market based economies like Australia?
  • The price of a barrel of Oil has now dropped to under $50 a barrel, yet we still pay around £0.90 a litre.?
  • what are Advantages and disadvantages of modern economic systems?
  • "Poverty is not a hindrance to success".???
  • Why should black people be paid reparations for things that happened before they were born?
  • sweatshops, prove that ther'e bad!?
  • Australia needs to remove laws and regulations which restric tbusinesses and cut out welfare do u agree? y?