What is an economic system?

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The term "economic system" refers to the way in which the decisions about producing goods and services are made within a given society and the rules that govern distribution of those.

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Asked 4/25/2012 4:52:30 AM

Updated 11/27/2015 12:15:26 AM

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Edited by yumdrea [11/27/2015 12:15:26 AM]

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yumdrea

The term "economic system" refers to the way in which the decisions about producing goods and services are made within a given society and the rules that govern distribution of those.

Added 11/27/2015 12:15:25 AM

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Money

Weegy: Hello,what would you like to know about money? (More)

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Updated 7/10/2014 1:59:42 PM

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yumdrea

Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

Added 7/10/2014 1:59:42 PM

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Where a commodity takes an insignificant proportion of the consumers income demand for it will be

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Updated 3/31/2018 1:20:47 PM

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emdjay23

Where a commodity takes an insignificant proportion of the consumers income demand for it will be fairly elastic.

Added 3/31/2018 1:20:47 PM

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Confirmed by jeifunk [4/1/2018 9:40:40 AM]

What is money?

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Updated 5/10/2016 2:39:44 AM

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emdjay23

MONEY is a current medium of exchange in the form of coins and banknotes.

Added 5/10/2016 2:25:21 AM

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Confirmed by yumdrea [5/10/2016 2:27:34 AM]

What is economic activities ?

Weegy: The economic activities are the set of activities realized by the human beings to satisfy his needs. (More)

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Updated 12/19/2014 9:54:42 AM

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