Biology, asked by simreensaini, 4 months ago

define economy

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Answers

Answered by asiyajavid76875
1

Explanation:

the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

"he favours tax cuts to stimulate the economy"

An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'

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Answered by nikhildevgan652
1

Answer:

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.

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