Asked by Cheyann Mcbroom on May 09, 2024
Verified
The institution that organizes the production, distribution, and exchange of goods and services is the political system.
Political System
The set of formal legal institutions that constitute a government or a state. This system outlines how these institutions interact within a society.
- Comprehend the fundamental traits of various economic models.
Verified Answer
JO
Johnpaul OkechukwuMay 16, 2024
Final Answer :
False
Explanation :
The institution that organizes the production, distribution, and exchange of goods and services is the economic system, not the political system.
Learning Objectives
- Comprehend the fundamental traits of various economic models.
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