The Muskrat (Ondatra zibethicus), is a semi-aquatic, medium-sized rodent. It is found in North America and has also been recently introduced in Asia, South America, and Europe. The main habitat of muskrat is wetlands but this animal can successfully adapt to different habitats and climates.t is this attribute of the muskrat that has given it its name. The size of an average muskrat is around 16 - 24 inches (40 - 60 cm). The size of its tail is almost double its body size and it weighs about 1.5 - 4 lb (0.7 - 1.8 kg).
An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society.hus every economy is a system that allocates resources for exchange, production, distribution and consumption. The system is stabilized through a combination of threat and trust, which are the outcome of institutional arrangements. An economic system possesses the following institutions:
A system in which society, usually in the form of the government , owns and controls the means of production. Capitalism. An economic system based on private property and free enterprise. Communism. A political and economic system where factors of production are collectively owned and directed by the state.