Main Idea In a

graphic organizer

similar to the one

at the right, identify

three functions of

economic systems.

Economic

Systems.

The answer is stated below:

Explanation:

Economic systems are the systems which are described as the means through which the countries and the governments, allocate the resources and trade the services as well as goods. In this, they use the 5 factors to production control, which are information resources, entrepreneurs, capital and labor.

3 functions of this system are:

1. What to produce?

2. How the goods and services are produced?

3. Who get the goods and services which are produced?