what is an economic system????
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An economic system refers to the process by which the factors of production: natural resources, labour, capital, and entrepreneurical skill, are harnessed towards the production of goods and services to satisfy the needs and wants of consumer's
good afternoon___________
An economic system refers to the process by which the factors of production: natural resources, labour, capital, and entrepreneurical skill, are harnessed towards the production of goods and services to satisfy the needs and wants of consumer's
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economic system is the system of production, resource allocation and distribution of good and services within a society or a geographic areas.
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