Questions: Businesses are part of a country's system that distributes its resources and contributes to the standard of living and quality of life of its citizens.

Businesses are part of a country's system that distributes its resources and contributes to the standard of living and quality of life of its citizens.
Transcript text: Fill in the Blank Question Businesses are part of a country's $\square$ system that distributes its resources and contributes to the standard of living and quality of life of its citizens.
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Solution

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The word that fits in the blank is "economic."

Businesses are part of a country's economic system that distributes its resources and contributes to the standard of living and quality of life of its citizens.

Explanation

An economic system is a structure within a society that determines how goods and services are produced, distributed, and consumed. It encompasses various institutions, policies, and practices that guide economic activity. Businesses play a crucial role in this system by creating jobs, generating income, and producing goods and services that meet the needs and wants of the population. Through these activities, businesses contribute to the overall standard of living and quality of life by providing employment opportunities, fostering innovation, and supporting economic growth.

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