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Define the term economic system. ANSWERS IN SENTENCE PLZ

User Jayakrishnan
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Answer:

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

An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

Step-by-step explanation:

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User Graffic
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