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Name 5 characteristics of Economic system

      

Name 5 characteristics of Economic system

  

Answers


Felix
Characteristics of economic system mean the same as attributes or features of economic system. However, economic systems are characterized by the following:
(a)Role of government
(b) Freedom of choice
(c) Ownership of resources and factors of production
(d) Price determination
(e) Profit gainers

Anganifelix answered the question on December 8, 2018 at 11:45


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