social studies

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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

  • social studies -

    Yes, it's economy. Scarcity is also correct.

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