104k views
0 votes
Define the term economic system?

User Thepace
by
8.2k points

2 Answers

3 votes

An economic system (also economic order) is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.


User Trinculo
by
8.4k points
5 votes

An economic system is a system of production, distribution, and allocation of goods and services within a society.

I really really hope that this helped you out :)

User MBeale
by
8.2k points

No related questions found