<span>The three basic economic systems are Market
Economy, Mixed Economy, and Planned Economy. Basically, an economic system refers
to the different systems of production, allocation of resources, exchanges, and
distribution of goods and services. This happens in almost all societies but differs
in the policies that are being implemented and followed.</span>
The workers.
- Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with universal “natural laws.” Because Smith's was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics.
Answer:
maybe t, I mean really what did you give us
