Question

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.

Answer 1

Answer: c. economy

Explanation:

The economy can be define as the system which can be used to manage the production of resources, goods and services, their distributed and consumption by the people of the society. This is done through different agents. The economy is the basis of the business cycle, and livelihood. The economic agents can be organizations, government and individual businesses. This process involves the distribution and circulation of money.  

Answer 2

The way goods and services are produced, distributed, and consumed in a society mean a consumpation of goods and the supply of a money, that talks about economy, so the answer is C: economy.