Briefly Discuss the Five Questions an Economic System Answers

question 38

Essay

Briefly discuss the five questions an economic system answers.

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Definitions:

Anaerobic Respiration

A form of respiration that occurs in the absence of oxygen, producing energy and by-products like lactic acid or ethanol.

Prokaryotes

Unicellular organisms that lack a distinct nucleus and other membrane-bound organelles, including bacteria and archaea.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons (H+ ions) across a membrane.

NADH

Nicotinamide adenine dinucleotide (NADH) is a coenzyme found in all living cells, involved in redox reactions, carrying electrons from one reaction to another.