Question

1. economic system an infrastructure whereby parties engage in exchange 2. capitalism an economic and political system in which aspects of a country’s trade and industry are controlled by the government 3. communism an economic and political system in which a country's trade and industry are controlled by private owners 4. socialism an economic and political system in which a country’s trade and industry are completely controlled by the government 5. monopoly a situation in which one company holds exclusive possession or control of the supply in a commodity or service 6. market system of production, resource allocation, exchange, and distribution of goods and services

Answer 1

So what we have to tell

Answer 2

Answer:

ECONOMIC SYSTEMS - system of production, resource allocation, exchange, and distribution of goods and services

CAPITALISM - an economic and political system in which a country's trade and industry are controlled by private owners

COMMUNISM - an economic and political system in which a country’s trade and industry are completely controlled by the government

SOCIALISM - an economic and political system in which aspects of a country’s trade and industry are controlled by the government

MONOPOLY - a situation in which one company holds exclusive possession or control of the supply in a commodity or service

MARKET - an infrastructure whereby parties engage in exchange

Explanation:

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