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Showing posts with the label basic features of an economic systemShow all

WHAT IS ECONOMIC SYSTEM | FUNCTIONS OF AN ECONOMIC SYSTEM

basic features of an economic system May 18, 2022
WHAT IS ECONOMIC SYSTEM | FUNCTIONS OF AN ECONOMIC SYSTEM

Meaning & Definition of Economic System An economic system or economy is a system designed by a nation to utilize its resources for the purpose of satisfying the needs and wants of people.  According to W.W. Loucks, "An economic system co…

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