Question

How range areas are beneficial for the economy of any country?

Answer 1

Answer:

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.

The economy of the United States is highly developed and mixed. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP). It has the world's eighth-highest per capita GDP (nominal) and the tenth-highest per capita GDP (PPP) in 2019.

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