define economy in shortly...
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Answered by
1
Answer:
economy is a system of making and trading things of value. it is usually divides into goods and service. it as you that there is a mainly in exchange.
Answered by
29
Answer:
Hii,
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.
A prominent example of an economy is the traditional economy that encompasses the customs and history of a nation to guide production and distribution of goods. Traditional economies are mostly based on agriculture, fishing, and hunting.
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