Which term describes the method a society uses to produce and distribute goods and services?

The term that describes the method a society uses to produce and distribute goods and services is "economic system." This concept encompasses various approaches and structures through which an economy operates, including the mechanisms of production, distribution, and consumption of goods and services. An economic system can take various forms, such as capitalism, socialism, or a mixed economy, each characterized by different ways of managing resources, ownership, and decision-making processes.

The other terms, while related to economics, refer to more specific aspects of the economic framework. Market structure focuses on the organization of a market based on the number of firms and the nature of competition. Supply chain pertains to the flow of goods and services from production to consumption, emphasizing the logistical aspects rather than the overarching system. Trade policy involves regulations and agreements governing international trade but does not encapsulate the broader methods of production and distribution within a society.