What is the function of an economic system?

a. to make sure all people have equal access to goods

b. to produce and distribute goods and services

c. to give all producers the same access to consumers

d. to make sure people are paid for their labor

Question

Amelia Randolph

Social Studies

25 July, 10:45

What is the function of an economic system?

a. to make sure all people have equal access to goods

b. to produce and distribute goods and services

c. to give all producers the same access to consumers

d. to make sure people are paid for their labor

+4

Answers (1)

Know the Answer?

Dominick Lamb · Answer 1

There are different economic systems, some more fair than the others; for example communism places more value on the equal distribution of wealth than capitalism; so it can't be a) or c).

the correct answer is b. to produce and distribute goods and services

What is the function of an economic system?a. to make sure all people have equal access to goodsb. to produce and distribute goods and servicesc. to give all producers the same access to consumersd. to make sure people are paid for their labor

What is the function of an economic system?

a. to make sure all people have equal access to goods

b. to produce and distribute goods and services

c. to give all producers the same access to consumers

d. to make sure people are paid for their labor