A system of producing and distributing goods and services is known as a(n)

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A system of producing and distributing goods and services is known as an economy. A subsistence economy refers to a system where individuals produce their own goods only for their own consumption, whereas a market refers to the actual mechanism for buying and selling goods and services. A hunting and gathering society refers to a prehistoric society that is nomadic and relies on hunting and gathering for survival.

A System of Producing and Distributing Goods and Services Is