Question

1. which statement best describes an economic system? (1 point)
- the method of production, resources use, and distribution of goods in a region
- the network of relationships that exist between individuals and groups in a religion
- the way a religion makes official government policies and decisions
- the process that people use in choosing goods and services

Answer 1

The statement which can be best used to describe an economic system is the method of production, resources use, and distribution of goods in a region.

What is an Economic System?

This refers to the various processes which are used when there is the production and distribution of goods which is summed up in demand and supply.

With this in mind, we can see that from the given options, option A is the correct one because it shows the production and distribution of goods in a given geographical location.

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