NURSING ANM AND GNM

Detailed explanation-1: -Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

Detailed explanation-2: -Communist System In this kind of economic system, the state takes upon itself the allocation and production functions as well as distribution of the goods and services. In this system, capital cannot be privately held and there is communal ownership or what is known as “Communism”.

Detailed explanation-3: -Activities involved in production (manufacturing), distribution (transportation), and consumption (retail) are constantly seeking economies to improve their margin, competitiveness, and increase their market share. This is commonly done by opting for specific locations and types of facilities.