what are the three major types of economic systems in the world?Advertisement
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange ; a unit of account ; a store of value ; and, occasionally in the ... - read more
An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. - read more
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