15 Questions to Discover Your Life Purpose. The following are a list of questions that can assist you in discovering your purpose. They are meant as a guide to help you get into a frame of mind that will be conducive to defining your personal mission. Simple Instructions: Take out a few sheets of loose paper and a pen.
An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society.n a capitalist economic system production is carried out for private profit, decisions regarding investment and the use of the means of production are determined by business owners in the marketplace.
{http://s3.amazonaws.com/engrade-myfiles/4062078742888268/concept_map_economic_systems.bmp}. Concept Map: Economic Systems. An economic system refers to the way in which the resources of a country are used to produce goods and services, and the manner in which these goods and services are distributed for consumption.Definition. Economic systems are characterised by the following: - role of government.eatures: - Economic decisions are taken by the price mechanism system and also by the state. - The private business sector operates along the lines of the free market economy, where the price mechanism determines allocation of resources.