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What Does Economic System Mean?

Answer

The ancient Greeks were the earliest analysts and theorists of behavior in the marketplace. Modern economic thought began with Adam Smith (1723-1790) Those who debated his ideas and wrote about other modern economic systems include David Ricardo,
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Q&A Related to "What Does Economic System Mean?"
An economic system can be defined as an organized way in which a state or nation allocates its resources and apportions goods and services in the national community. Some common economic
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