Question

Select the correct answer.

Which is the correct definition of an economy?
A. the distribution of goods and services to meet human needs and wants
B.
a social institution responsible for the production, distribution, and consumption of goods and services
O C. an organization that produces and distributes goods in a society
O D. a social institution that helps people to explain the meaning of their lives
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Nex

Answer 1

I believe your answer is B. "a social institution responsible for the production, distribution, and consumption of goods and services"