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If you are born into a family of farmers you farm. Organized way a society provides for the wants and needs of it.
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Likewise little uncertainty exists over HOW to produce because you do things much the same way your parents did.
Quickly memorize the terms phrases and much more. Perhaps the most important is that when people from one type of economy come into contact with other cultures they often accept technologies and. 25E CONOMIC SYSTEMS AND DECISION MAKING Every society has an economic system that organizes how goods and services are allocated and answers the questions of WHAT HOW and FOR WHOM goods are produced. On this page you can read or download chapter 2 study guide economic activity answer key in PDF format. Economic Systems and Decision Making. The way in which a society addresses these questions determines the type of economic system it has.
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On Solutions Manual This choice involves tradeoffs.
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