The economic system defines the provision ogoods and services to meehuman biological and social wants.

Name: The economic system defines the provision ogoods and services to meehuman biological and social wants.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The economic system is a method by which societies allocate resources to meet their needs and fulfill their desires. This includes the production and distribution of goods and services to satisfy human biological and social wants. Therefore, the statement is true.

The Economic System Defines the Provision Ogoods and Services to Meehuman