Government and business work collaboratively with multiple stakeholders to use resources to meet the needs of the members of a society.This arrangement is called the __________ system of a nation.

Question

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The term "economic system" refers to the way a nation organizes the production, distribution, and consumption of goods and services, involving collaboration between government, businesses, and other stakeholders to meet societal needs.

Government and Business Work Collaboratively with Multiple Stakeholders to Use