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Provide a short response (less than 50 words) to the following: Is it generally true that...

Provide a short response (less than 50 words) to the following:

Is it generally true that economic systems reflect the laws and values of government, the interest of businesses or citizens ?

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Answer #1

TRUE. An economic is production system, allocation of resources and distribution of product within a society. The three fundamental economic questions ensure minimum living standard with mobilization of resources. Thus at core of every economic system is portray of policies for the laws that protect interest of businesses or citizens.

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