10
QuizMultiple Choice

The Economic Institution

Question 10 • PUSD SS DL0330 Sociology (P) 5 Credit Course

Which is an economic system?

Answer
A
monarchy
B
democracy
C
dictatorship
D
market

Explanation

A market is an economic system in which buyers and sellers make decisions about producing and exchanging goods and services. Monarchy, dictatorship, and democracy describe forms of government, not economic systems. Therefore, the best answer is “market.”

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