Question

Define Economy..


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Answer 1

There are two meanings of Economy.

There are two meanings of Economy. 1.

There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

• There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.Example->"he favours tax cuts to stimulate the economy"

There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.Example->"he favours tax cuts to stimulate the economy"2.

There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.Example->"he favours tax cuts to stimulate the economy"2.careful management of available resources.

• There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.Example->"he favours tax cuts to stimulate the economy"2.careful management of available resources.Example->"fuel economy"

There are two meanings of Economy. 1.the state of a country or region in terms of the production and consumption of goods and services and the supply of money.Example->"he favours tax cuts to stimulate the economy"2.careful management of available resources.Example->"fuel economy"I hope it helps

Answer 2

Answer:

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

Step-by-step explanation:

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