Which term means the way a society allocates resources and distributes wealth?

• A. Economic System
• B. Political System
• C. Rights
• D. Quality of Life

Answer: (A)

This question is asking about how a society allocates resources and distributes wealth. The term that fits this description is economic system. An economic system is the framework a society uses to decide what to produce, how to produce, who gets the goods and services, and how wealth and income are distributed. It covers who owns resources, how markets and government policies influence production and prices, and how decisions affect people's standard of living. The other ideas describe different things: a political system is about governance and power, rights are legal entitlements individuals have, and quality of life is a measure of well-being rather than the method a society uses to divide resources.