Economics

Economics

Economic System

To understand the meaning of economic systems, it refers to the role or model of distribution and production which take place in the society. Business is considered as an organized economic activity. The primary objective of any business is to product and sale goods or services. It exists to serve people living in the society with differ means. There are some questions which a economic system must answer:

What to product and service to provide

The organized of both the production and services

What are the methods to distribute the products and services

Everyone knows that resources are limit the resources must be utilized ...