The key difference between economic systems is the different ways in which they manage ________.
A) the factors of production
B) the transportation of goods within their borders
C) government rules and regulations
D) the payment of workers

Question

Quizplus · Accepted Answer

The management of factors of production (land, labor, capital, and entrepreneurship) is the key difference between economic systems. Different economic systems prioritize and allocate these resources in different ways, which in turn affects the production and distribution of goods and services.

The Key Difference Between Economic Systems Is the Different Ways