HISTORY
ORIGINS OF CIVILIZATION PREHISTORY300 BC
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What’s the system that a community uses to produce & distribute goods & services?
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Domesticate
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Surplus
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Resource
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Economy
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Explanation:
Detailed explanation-1: -An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
Detailed explanation-2: -There are four main types of economic systems – Traditional Economy, Command Economy, Market Economy. In other words, the laws of demand and supply determine the price and quantity of goods produced in an economy. read more, and Mixed Economy.
Detailed explanation-3: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
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