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An economic system is.?

Answer:

There are 3 economic systems 1 Capitalism (Which is Free Market) 2 Socialism (when the government owns education,communication and transportation) 3 Communism when the government owns everything

First answer by ID1342193426. Last edit by Laura Ullman. Contributor trust: 0 [recommend contributor ]. Question popularity: 3 [recommend question].

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Relevant answers:

What are the economic systems?
Capitalism, Communism, free market, fair trade and socialism
What are three main economics for economic system?
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
How is Jamaica's economic system similar to the US economic system?
Jamaica is a capitalist country. The government does not attempt to control the farms or factories and consumers have a choice of goods and services.
Is an economic System?
No
What is economic system?
(Is a system that involves production, distribution, and consumption of goods and services, Between entities in a particular society. composed of people and institutions.) (Is a system that involves...