Economic laws are like scientific laws which trace out a causal relationship between two or more phenomena. As in natural sciences, a definite result is expected to follow from a particular cause in economics.
1) a socialist economy is a system of production where goods services are produced directly for use,in contrast to a capitalist economic to generate profit
Answers & Comments
Explanation:
Economic laws are like scientific laws which trace out a causal relationship between two or more phenomena. As in natural sciences, a definite result is expected to follow from a particular cause in economics.
Answer:
1) a socialist economy is a system of production where goods services are produced directly for use,in contrast to a capitalist economic to generate profit