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Dmitriy789 [7]
3 years ago
10

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

Business
1 answer:
harina [27]3 years ago
6 0

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

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