While the restaurant has always been popular due to the high <u>caliber</u> of its service, the replacement of its old head chef was soon followed by a noticeable improvement in its food as well.
<h3>What is the meaning of caliber?</h3>
- Caliber refers to the rank or rating of something. When speaking in terms of the quality of service rendered by the restaurant, we can refer to its ranking as high.
Thus a proper adjective to insert in the blank will be high caliber.
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The three economic system include:
- Free market economic system
- Command economic system
- Mixed economic system
<h3>What is an economic system?</h3>
It should be noted that an economic system simply means the means of production and distribution of goods and services in an economy.
The free market economic system is the market system where the production and distribution is done by the consumers.
Command economic system is the the market system where the production and distribution is done by the government.
Mixed economic system is the market system where the production and distribution is done by the consumers and government.
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