What social institution ensures the maintenance of society through the production,distribution,and consumption of goods and services?

Question

Quizplus · Accepted Answer

The economy is the social institution that ensures the maintenance of society through the production, distribution, and consumption of goods and services. It is the system by which resources and goods are allocated and transactions are conducted between individuals, businesses, and governments. Work, politics, and government are all important components of the economy, but the economy encompasses much more than just these individual aspects.

What Social Institution Ensures the Maintenance of Society Through the Production,distribution,and