«Economic system» The Department of Management and Economics of Production 13 group Goga Viktoria

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It includes Combination of the Various institutions Agencies Consumers Entities that

It includes

Combination of the

Various institutions
Agencies
Consumers
Entities

that comprise the economic structure of a

given society or community.
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The economic system involves investments production the allocation of economic inputs

The economic system involves

investments

production

the allocation of economic inputs

distribution of economic

outputs

land availability

households

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It is the set of principles by which problems of economics

It is the set of principles by which problems of economics

are addressed, such as the economic problem of scarcity through allocation of finite productive resources.
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For example the employee-employer relationship

For example

the employee-employer relationship

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