Question

Economic is a study of economic activities

Answer 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.

Explanation:

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Answer 2

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Any action that involves producing, distributing, or consuming products or services is an economic activity.

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