Economy, asked by yudhistiricaspa, 9 months ago

Explain the meaning of any two entities in the economy

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Answered by jiya551400

5

Answer:

Households, firms and the government are the three basic entities of aneconomy because they perform the basiceconomic activities of production and consumption in an economy. ... In this way, an exchange relationship is established between the firms and the households.

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Answered by lChanul

4

Answer:

Households, firms and the government are the three basic entities of an economy because they perform the basic economic activities of production and consumption in an economy. ... In this way, an exchange relationship is established between the firms and the households...

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