Economic SystemsThe
study of economics is the study of the market and is devoted to solving the
economic problem. Which is the fact that our wants are unlimited and the
resources needed to make them are running out. The resources used to make the
goods and services are called the Factors of production. The Factors of
production are Capital such as transport and tools ,land and the lands natural
resources, labour which is the workers of the company and enterprise which are
the business men and women that run the company. An economic system is a system
with rules to govern the production,sale and purchase of goods, resources and
services there are three types command, traditional and free market.
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