Question

what is economic and what is its kinds and its examples ​

Answer 1

Answer:

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. ... Capitalism, socialism, and communism are types of economic systems.

Explanation:

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Answer 2

Answer:

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. ... Capitalism, socialism, and communism are types of economic systems.