The social institution that organizes the ways in which a society produces,distributes,and consumes goods and services is known as the ______.

Question

Quizplus · Accepted Answer

The term for the social institution that organizes the production, distribution, and consumption of goods and services is "economy." While there are other institutions that play a role in economic activity, such as the labor market and financial system, these are not the overarching organization of the economy as a whole. Therefore, the best choice is C.

The Social Institution That Organizes the Ways in Which a Society