The exchange of goods and services can be summarized as a(n)

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An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. Thus, the exchange of goods and services is most directly related to an economic system.

The Exchange of Goods and Services Can Be Summarized as A(n)