Question

Select all that apply.

Answer 1

Answer:

• to provide all answers to economic choices for the populace
• to help make decisions concerning what, how, and for whom things are produced

Explanation:

What characterizes an economic system is the way in which the production and distribution of goods and services takes place. Human beings are not self-sufficient, they need to produce a number of things to satisfy their needs, from shelter, food to transportation and communication. Each society, by virtue of a number of conditions, finds an alternative way of defining who will produce, how it will produce, and how the goods resulting from this process will be distributed. Through this we can affirm that the main roles of economic systems is to provide all the answers to economic choices for the population and, above all, to help organizations make decisions about what, how and for whom things are produced.

Answer 2

The answers are A, C, and D.