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I am in a hurry please help me with 3 questions

I Am In A Hurry Please Help Me With 3 Questions class=
I Am In A Hurry Please Help Me With 3 Questions class=
I Am In A Hurry Please Help Me With 3 Questions class=

Sagot :

1. Arranging the economic systems from the most restrictive to the least restrictive is as follows:

  • Command
  • Traditional
  • Mixed economy
  • Free Enterprise.

2. Matching each factor of production with an example is as follows:

Factor of Production      Example

Land                                        Cornfield

Labor                                       College Graduate

Capital                                     Freeway

Entrepreneurship                   Small business owner.

3. Matching the workers with their levels of economic activities is as follows:

Worker              Economic Activity

Furniture maker    Secondary

Lumberjack           Primary

IT Technician        Tertiary

What is an economic system?

An economic system is an institutionalized system that societies or governments employ to regulate, organize, produce, distribute, and consume resources, services, and goods across a geopolitical region.

Economic systems regulate and organize the factors of production, which include land, labor, capital, and entrepreneurship.

Economic systems dictate economic activities, including primary, secondary, tertiary, and quaternary activities.

Learn more about economic systems and activities at https://brainly.com/question/27683891

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