Question

An economic system intends to address ______ goods are to be produced, ______ they are to be produced, _____ gets what is produced, how to accommodate change and how to promote technological progress.

Answer 1

An economic system addresses what goods to produce, how to produce them, and who gets them.

Step-by-step explanation:

An economic system intends to address what goods are to be produced, how they are to be produced, who gets what is produced, how to accommodate change and how to promote technological progress.

The three basic economic questions that every society must answer are:

1. What should we produce?
2. How should we produce it?
3. For whom should we produce it?

These questions help societies determine the allocation of resources, the methods of production, and the distribution of goods and services.