Answer:
there are 3 basic decision every economic system must make which is
1) what to produce
2) how to produce
3) For whom to produce
Explanation:
1)what to produce: an economy
must decide whatever they want
to produce. whether books or appliances etc
2) how too produce: an economy should also
decide how the good and service should be produce
whether to use iron or copper etc
3) for whom to produce: an economy should also decide
who will consume the goods and services been produce.
