A(n)________ is a nation's basis for allocating its resources among its citizens.
A) capital structure
B) economic system
C) ownership system
D) distribution network

Question

Quizplus · Accepted Answer

An economic system refers to the structure or organization of an economy, which includes the methods and principles that a nation or society utilizes to allocate its resources among its citizens. The economic system is a fundamental characteristic of any society and determines how the society produces, distributes, and consumes goods and services. Choices A, C, and D are not related to the concept of how a nation allocates its resources among its citizens.

A(n)________ Is a Nation's Basis for Allocating Its Resources Among