Question

define economy???????? ​

Answer 1

Explanation:

An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance. This makes trade possible.

Answer 2

Answer:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse.

→ TYPES

There are three main types of economies:

• free market economy
• command economy
• mixed economy