An economic system is a system of allocation of resources and the exchange of goods and services in a society
HOW IT DETERMINES THE GROWTH OF A NATION
a. distribution of income eg capitalism
b. making decision that affect the economy of a nation
c. through the means of production
d through the use of money value
what they can learn from this module
A market economy is an economy in which decisions regarding investment are made.they can learn on the best strategies basing on the decisions .Also they can be able to identify the best marketing option considering the value an profitability.
Market economic sysem is important to know where to allocate resources ,consumption and production
Apr 28th, 2015
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