What do you mean by an economic system?

A system that deals with the production of goods produced for self-consumption

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A system that aims at promoting consumer awareness

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A system that talks about the organisation and distribution of available resources in a country

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A system or a framework that focuses on restructuring economic sectors

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Solution

The correct option is C A system that talks about the organisation and distribution of available resources in a country
Resources available to any country are limited. An economic system helps the countries manage and distribute such resources. It refers to a system through which societies or governments organise and distribute available resources in a country. They decide how to best allocate these scarce resources.

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