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identify the five fundamental questions that all economies, whether market or command, must address. (check all that apply.)

User Bcollins
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Answer:

1. What goods and services are produced?

2. What is the quantity of goods that should e provided?

3. How should the goods produce?

4. How are the goods distributed in the market?

5. How is the progress or changes initiated into the system?

Explanation:o the system

1. It is important to understand the market trends, and customer demands before finalizing the type of products or goods that are needed to be produced.

2. After getting a clear picture of the targeted market section or respective customer section it is important to be aware of the quantity of the goods that are needed to meet the demand of the customers.

3. It is important to have a clear idea of how our goods are produced which includes the decision of selecting the operations, layout of machinery, employee involvement, and duties.

4. Distribution of goods plays a vital role. the profitability of any business depends on distribution increase in sales can help in earning profits and also improves the chances of sustainability of the business in the market

5. Every business aims to grow. While expanding the business it is important to consider alternatives for implementing changes in the organization and also be prepared to adopt to the changes.

User Lpiepiora
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