Question

An economy strives to create a balance between limited resources and unlimited needs. GIVE ME EXPLANATION AND REASON​

Answer 1

An economy strives to create a balance between limited resources and unlimited needs. Every country has a different economy. Neverthless, the main functions of economy are similar. Like, Deciding the product and quantity of its production, Minimise the production costs as much as possible, Distribution of national income according to social and economic justice , Making appropriate provisions for the economic needs of the future.