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

The correct term that describes the method a society uses to produce and distribute goods and services is "economic system." An economic system encompasses the structure and mechanisms through which economic activities are organized and controlled. This includes how resources are allocated, how goods and services are produced, and how they are distributed among the population.

Different types of economic systems are characterized by varying degrees of government intervention and market freedom. For example, a capitalist economic system relies on market forces for production and distribution, while a socialist system may involve more government control over these processes.

The other options refer to more specific concepts within economics. Market structure pertains to the competitive environment within an industry, focusing on the number and strength of buyers and sellers. A supply chain represents the entire network involved in producing and delivering a product from suppliers to consumers, but does not encapsulate the broader methods of production and distribution across an economy. Trade policy involves regulations and agreements that affect international trade, influencing how goods and services are exchanged between nations but does not define the overall economic framework of a society.