Question

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
C.
an organization that produces and distributes goods in a society
D.
a social institution that helps people to explain the meaning of their lives

Answer 1

B. A social institution responsible for the production, distribution, and consumption of goods and services

Answer 2

B.

a social institution responsible for the production, distribution, and consumption of goods and services

Step-by-step explanation:

B 4 sure