Allocating
Allocating Apex
The function of an economic system is to allocate resources and coordinate the production and distribution of goods and services within a society. It impacts the distribution of resources by determining how wealth and resources are distributed among individuals and groups, influencing factors such as income inequality and access to goods and services.
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Allocating
Economics
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
An economic institution is the set of norms relating to production and distribution of goods and services
is the system of production,distribution and consumption of goods and services of an economy
Allocating Apex
This describes economic activities within a region where goods and services are manufactured, exchanged, and consumed. It involves various processes such as production, distribution, marketing, and sales that contribute to the economic development of the area. Examples include agriculture, manufacturing, retail, and services like healthcare and education.
Production and distribution
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.