[Answer] What is the function of an economic system?

Answer: to produce and distribute goods and services
What is the function of an economic system?

An economic system or economic order is a system of production resource allocation and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions agencies entities decision-making processes and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of productionis a related concept. All econom…

An economy (from Greek οίκος – “household” and νέμoμαι – “manage”) is an area of the production distribution and trade as well as consumption of goods and services by different agents.

Economic system – Wikipedia

Economy – Wikipedia

Education economics – Wikipedia

Economy – Wikipedia

An international monetary system is a set of internationally agreed rules conventions and supporting institutions that facilitate international trade cross border investment and generally the reallocation of capital between nation states.It should provide means of payment acceptable to buyers and sellers of different nationalities including deferred payment.

The global financial system is the worldwide framework of legal agreements institutions and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.Since emerging in the late 19th century during the first modern wave of economic globalization its evolution is marked by the establishment of …

Environmental economic regulations find the cheapest emission abatement efforts first and then move on to the more expensive methods. E.g. as said earlier trading in the quota system means a firm only abates pollution if doing so would cost less than paying someone else to make the same reduction.

Education economics or the economics of education is the study of economic issues relat…

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