140k views
3 votes
Define the term economic system. ANSWERS IN SENTENCE PLZ

User Mgd
by
4.3k points

1 Answer

6 votes

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:

hope this helps...

User TobyD
by
4.0k points