Question

What are the important elements of
economy?​

Answer 1

Traditional economic systems have these common elements:

Traditional economic systems have these common elements:Consumers – individuals and organizations that want products.

Supply – producers make product available.

Demand – consumers want a product and are willing to pay for it.

Money – a medium of exchange which is used as a universal exchange of value.

Answer 2

Answer:

1. social aspects
2. economic shareholders
3. banks