Economic systems differ according to which two main characteristics?

A. Who owns the factors of production and the methods used to coordinate economic activity.
B. The technology used in production and the quantity and quality of natural resources.
C. How goods are produced and who gets them.
D. The political system in place and the degree of scarcity facing the economy.


Ans: A. Who owns the factors of production and the methods used to coordinate economic activity.

Economics

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