According to the Textbook, Economic Systems Include Three Components: Production

question 1

True/False

According to the textbook, economic systems include three components: production, consumption and sustainability.

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Definitions:

Participatives

A leadership or organizational style that emphasizes involvement and participation of all members in decision-making processes.

Roots

The part of a plant that attaches it to the ground or to a support, typically underground, conveying water and nourishment to the rest of the plant.

Stability

The quality of being resistant to change and capable of maintaining a constant condition or staying steady.

Discipline

Discipline involves the practice of training oneself or others to obey rules or a code of behavior, using punishment to correct disobedience or to cultivate a habit or skill.