What are the basic functions of an economy
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Mainly, there are four functions of economic systems; Production, Allocation, Distribution and Regeneration.Every economic system provides solutions to four questions: what goods and services will be produced; how they will be produced; for whom they will be produced; and how they will be allocated between consumption ...
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Mainly, there are four functions ofeconomic systems; Production, Allocation, Distribution and Regeneration.Every economic system provides solutions to four questions: what goods and services will be produced; how they will be produced; for whom they will be produced; and how they will be allocated between consumption ...
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