Economic Systems, The Economic Problem?

Posted on 2014-04-15 11:58:00 in Economics by REBECCA K

hey, basically ive just started business and economic AS/A Level. I studied business GCSE, but ive just got given this homework task, and been researching for hours but im really stuck! this is exactly the task given to me:



1)what is meant by the economic problem? (done that bit fine)

2) briefly outline the diffrent economic systems that have evolved in attempy to resolve the economic problem? (i have no idea about this bit, i have been researching for ages, and REALLY need help please!)

3) what system is used most effectivly? why? (i guess i could figure that out, if someone helps me with number 2)



as much help/detail is appriciated SO much! im really stressed out, and stuck right now! can someone explain the economic system to resolve the economic problem bit? and explain to me them systems? thank you so much to anyone who helps me out! xxx

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