In economic systems, allocation kind of decisions must be made about productive resources. Option A
Generally, An economic system is a method that communities or governments use to organize and distribute the resources, services, and products that are accessible within a geographic area or nation.
The elements of production, which might include land, capital, labor, and physical resources, are controlled by the economic systems that run the world.
An economic system, also known as an economic order, is a structured method of production, the distribution of resources, and the exchange of goods and services that exists within a community or a specific geographical region.
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