Question

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What is economy???​

Answer 1

Answer:

Economics is simply a social science directed at the satisfaction of needs and wants through the allocation of scarce resources which have alternative uses.

Explanation:

In simple words its the study of both choice and scarcity.

Answer 2

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• An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.

Hope it helps you ✌️