Social Sciences, asked by qwerty5887, 2 months ago

How the economic activities of production, distribution and consumption are basic
Find out if it's related to financial issues and make a note?

plzz give me a correct answer
I will mark as branelist
ok.plzz give me the correct answer ​

Answers

Answered by Anonymous
6

Explanation:

An economic system is the decision-making structure of a nation’s economy, characterized by the entities and policies that shape it.

An economic system may involve production, allocation of economic inputs, distribution of economic outputs, firms, and the government to answer the economic problem of resource allocation.

There are two general subtypes of economic systems: free market systems and planned systems.

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