Question

introduction
economic
Real and pecuniary​

Answer 1

Answer:

ECONOMIC:-

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

REAL AND PECUNIARY:-

real economies not only benefit the firm by lowering its costs but also enable society on the whole to produce more goods. Pecuniary economies, on the other hand, typically are cost savings that are generated from Market Power