study guides for every class

that actually explain what's on your next test

Economic System

from class:

AP Human Geography

Definition

An economic system refers to the way a society organizes and manages its resources, production, distribution, and consumption of goods and services.

ยฉ 2024 Fiveable Inc. All rights reserved.
APยฎ and SATยฎ are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.