Business, 16.10.2019 05:00 cl6205071

An economic system:
a. requires a grouping of private markets linked to one another.
b. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
c. requires some sort of centralized authority (such as government) to coordinate economic activity.
d. is a plan or scheme that allows a firm to make money at some other firm's expense.

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An economic system:
a. requires a grouping of private markets linked to one another.
b...

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