A. government
B. labour union
C. private and public enterpriser
D. system of economy practiced
Correct Answer:
Option D – system of economy practiced
Explanation
Every society answers the three basic economic questions differently, in doing so, each confronts the same fundamental problems: resources allocation and scarcity. For every society, the answer to the three basic questions depend on what kind of economic system it uses. The term economic system refers to the way in which a society organizes the production and distribution of goods and services.
