Business Studies, asked by sakshitomar288, 6 months ago

what is an economic system? compare and contrast various types of economic system?

Answers

Answered by sellasellamuthu039

2

Explanation:

the way scarce resources to get distributors within an economy determines the type of economic system. there are four types of economic system

traditional economic
market economics
command economics
mixed economy

each type of economic has strengthened and weakness

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