An economic system is a means by which governments organize and distribute available resources, services, and goods across a geographic region or country. Economic Systems are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources. This book discovers the dynamic processes in economic systems, focused on the extraction and use of the natural resources mandatory to meet economic needs. The book also explores different economic systems and the options societies must face in defining which economic systems best suit their needs.
Print ISBN: 9781682506127| $ 150 | 2020 | Hardcover
Contributors: R S Gregory