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-What should we produce?
-How will we produce it?
-How much of it will we produce?
-Who will be our target consumer?
The basic economic questions are answered by the customs of the past.
traditional system.
Simple, brief, versatile, secure
The sugar economy was very expensive and intricate work but the tobacco economy was cheap and fairly simple.
1.introduction 2. committee action 3. floor action 4. enactment into law