49.0k views
4 votes
What is an economic system

User Tagabek
by
5.0k points

1 Answer

2 votes

Answer:

a system of production

Step-by-step explanation:

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. ... As such, an economic system is a type of social system. The mode of production is a related concept.

User Shreyas Patil
by
4.2k points