Can you help me? I am stumped! We are supposed to use our book to fill in the answers. This is the questions I need your help with

1. A (n) is a state's or a country's system of producing, and consuming goods and services.
My answer is economy, but our book has three different kinds of economy - traditional, command, and market. Should it be one of these?
2. requires that people's needs and wants be balanced against limited resources. My answer is Scarcity

1 answer

Yes, it's economy. Scarcity is also correct.