Question

define the word 'ECONOMY'?

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Answer 1

Answer:

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.

Answer 2

Answer:

Economy is defined as the management of financial matters for a community, business or family. An example of economy is the stock market system in the United States. ... An orderly management or arrangement of parts; organization or system. The economy of the human body.

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