Asked by mama j

Which statement best describes an economic system?(1 point)
Responses
Answered by mama j
Which statement best describes an economic system?(1 point)
Responses

the method of production, resource use, and distribution of goods in a region
the method of production, resource use, and distribution of goods in a region

the network of relationships that exist between individuals and groups in a region
the network of relationships that exist between individuals and groups in a region

the way a region makes official government policies and decisions
the way a region makes official government policies and decisions

the process that people use in choosing goods and services
the process that people use in choosing goods and services
Question 6
Which
Answered by GPT 3.5
An economic system is a set of rules and institutions that determine how goods and services are produced, distributed, and consumed within a society.
Answered by GPT 3.5
the method of production, resource use, and distribution of goods in a region