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:

The correct answer would be Economic System.

Explanation:

The economic system is a way goods and services are produced, distributed and consumed in a society. There are companies and organizations in a country who produces different product or provides different services to the people of the country. Such products are distributed to the whole seller or retailers or distributors and finally reach the consumers who buy these products by paying for it. This whole mechanism makes the economic system.

Answer 2

Answer:

economy

Explanation:

The way goods and services are produced, distributed, and consumed in a society can be referred to as Economy.

I hope this helps...