Question

Which statement best describes an economic system?

(1 point)
Responses

the method of production, resource use, and distribution of goods in a region
the method of production, resource use, and distribution of goods in a region

the network of relationships that exist between individuals and groups in a region
the network of relationships that exist between individuals and groups in a region

the way a region makes official government policies and decisions
the way a region makes official government policies and decisions

the process that people use in choosing goods and services

Answer 1

[AI-generated answer — Bot GPT 3.5]

the method of production, resource use, and distribution of goods in a region