Question

The system that encompasses consumers and businesses and all monetary transactions within a society is known as which of the following? Consumer law, Economy, Fraud, Trade

Answer 1

The term described in the phrase "system that encompasses consumers and businesses and all monetary transactions within a society" is ECONOMY. In addition, an economy is simply the efficient consumption of resources available in a state wherein the needs of the people are fulfilled.

Answer 2

Answer:

Trade

Explanation:

Trade is a concept which includes all businesses made between customer and owner and all monetary transaction involves.

its simply means the exchange of good and services with money of any other forms of transaction.

The system that encompasses consumers and businesses and all monetary transactions within a society is known as TRADE