Question

Explain any three points of important of like for a country's economy​

Answer 1

Answer:

➡An economy is an area of production , distribution, or trade , and consumption under stood in it's broadest sense.

➡An economy growth of a country is the increases in the .. the discovery is more natural resources like - oil, minerals etc.

➡For these reasons all country want positive economy growth it does not include the part that are manufactured to make products.

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Answer 2

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An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to necessity.

♠In short, a strong economy is generally characterised by a strong currency. When the economy is doing well, and at a boom period of the economic cycle it implies higher interest rates to keep inflation low. These higher interest rates will attract hot money flows and more demand for the currency.

♠Economy is the thing that allows us to survive and thrive. ... A system where no money is involved and trade is done as direct exchange of goods is an economy too. Having enough is extremely important for stability, low crime levels and cultural, scientific and technological progress.

♠a strong economy implies: A high rate of economic growth. This means an expansion in economic output; it will lead to higher average incomes, higher output and higher expenditure. Low and stable inflation (though if growth is very high, we might start to see rising inflation) Low unemployment.

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