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The economic system is a system of a country for the allocation of resources among citizens, both individuals and organizations. The issue in this economic
The economic system is a system of a country for the allocation of resources among citizens, both individuals and organizations. The issue in this economic system is how to meet the need or demand for products and services using limited resources. Indonesia has a market-based economy where the government plays an important role, including regulating prices some basic necessities such as fuel, rice, and electricity. Indonesia's main trading partners are Japan, China, Singapore and South Korea. Indonesia's most important export commodities are oil and gas, minerals, crude palm oil, electrical equipment and rubber products. There are various types of economic systems that differ in managing factors of production and making decisions about production and allocation. In some systems, all ownership is privately owned, but sometimes it is owned by the government. From the description above, explain the types of economic systems
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