Answered

All societies must answer three economic questions:
1. What goods and services should be produced?
2. How should these goods and services be produced?
3. Who consumes these goods and services?

Question: The structure of methods and principles a society uses to produce goods and services and answer these economic questions is called:



Answer :

GinnyAnswer

Final answer:

The economic structure that guides how goods and services are produced and distributed is called an Economic System, which varies based on different types of economies.


Explanation:

The structure of methods and principles a society uses to produce goods and services and answer these economic questions is called: Economic System.

An economic system refers to the way a society organizes the production, distribution, and consumption of goods and services. It encompasses the rules, institutions, and mechanisms that guide economic activity and decision-making within a society.

Different types of economic systems include traditional, command, market, and mixed economies, each with unique ways of addressing the three fundamental economic questions.


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