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Economic systems:

provide equal distribution of well-being among its participants.
provide all the goods people want and desire.
can eliminate scarcity.
address the questions what is produced, how it is produced, and for whom it is produced.

1 Answer

6 votes

Answer:

The answer is provide all the goods people want and desire.

Step-by-step explanation:

Economic system is the situation in place which helps in the regulation of the production materials, allocation of the resources and distribution of goods and services within a given mapped out region. This helps to ensure that factors of productions are regulated.

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