The Four Basic Questions in a Capitalist Economy Are What

question 226

True/False

The four basic questions in a capitalist economy are what to produce, how to produce, who should produce, and when to produce.

---

Definitions:

Rumours

Information or stories spread from person to person without confirmation of their truthfulness.

Demographic

Statistical data relating to the population and the particular groups within it, often used for targeted marketing or policy making.

Behavioural

Relating to the actions or reactions of an individual or group in response to external or internal stimuli.

Psychographic

Relates to the study of personalities, values, opinions, attitudes, interests, and lifestyles of individuals or groups.