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What is the best definition of an economic system? economy based on traditional production methods process by which people choose how to use limited resources in order to meet their needs government makes the best decisions

Victoria Fowler

in Business

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Ronald Miller on June 29, 2018

A process by which people choose how to use limited resources in order to satisfy their needs is the best definition of an economic system. The correct option among all the options given in the question is the second option. I hope that this is the answer you were looking for, and that has helped.


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