they are bought and sold by the people (gradpt)
they are bought and sold by the people (gradpt)
To account for differences in the ways goods and services are producted and distributed in each economic system, you need to take a look at how the government influences these things, as it can vary greatly in each economy.
Socialism.
How are goods and services to be distributed?
How are goods and services distributed
Through stores, markets, and businesses.
Economics
An economy is a system for producing goods and services.
they are bought and sold by the people (gradpt)
This is the barter system.
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.