The primary responsibility for regulating the production,distribution,and consumption of goods and services lies with the economic institution.

Name: The primary responsibility for regulating the production,distribution,and consumption of goods and services lies with the economic institution.
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Question

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The economic institution in society is primarily responsible for organizing and regulating the production, distribution, and consumption of goods and services to meet the needs and wants of its members.

The Primary Responsibility for Regulating the Production,distribution,and Consumption of Goods