The methods a society uses to produce, distribute and consume goods and services is its

a. scarcity.

b. demand.

c. opportunity cost.

d. economic system.

Question

Social Studies

Hailee Landry

19 December, 01:01

The methods a society uses to produce, distribute and consume goods and services is its

a. scarcity.

b. demand.

c. opportunity cost.

d. economic system.

+3

Answers (1)

Know the Answer?

Tia Gray · Answer 1

This is the economic system.

An example of an economic system is "capitalism" - where individuals own the capital and produce to increase their wealth or "communism" where the means of production belong to all people and are controlled by the government.

The methods a society uses to produce, distribute and consume goods and services is itsa. scarcity.b. demand.c. opportunity cost.d. economic system.

The methods a society uses to produce, distribute and consume goods and services is its

a. scarcity.

b. demand.

c. opportunity cost.

d. economic system.