Social Sciences, asked by yarpit573, 4 months ago

what is a economic system?

Answers

Answered by PrincessPalak

7

An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area..

Answered by staufiq390

4

Answer:

An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. ... An economic system is a type of social system. The mode of production is a related concept.

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