posted by Reed on .
Can you help me? I am stumped! We are supposed to use our book to fill in the answers. This is the questions I need your help with
1. A (n) is a state's or a country's system of producing, and consuming goods and services.
My answer is economy, but our book has three different kinds of economy - traditional, command, and market. Should it be one of these?
2. requires that people's needs and wants be balanced against limited resources. My answer is Scarcity
Yes, it's economy. Scarcity is also correct.