The social institution that determines how a society produces,distributes,and consumes goods and services is called the

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The economy is the social institution that determines how a society produces, distributes, and consumes goods and services. The economy includes all the individuals and organizations involved in the manufacture and exchange of goods and services for use or consumption by other people or organizations. The family, government, and production sector are all important parts of the economy, but they do not encompass the entirety of the economic system.

The Social Institution That Determines How a Society Produces,distributes,and Consumes