Question

(i) What do you understand by an economy?
(ii) Define per capita income.
(iii) Define poverty.
(iv) What do you understand by privatisation?​

Answer 1

Answer:

(i) economy the term which is related with money

(ii) the total income of the country divided by it's population is called per capita income

(iii) the people are the person who not even have the source for eating at least for once in the day is called poverty

(iv) I don't know search it in Google