what are the main functions of an economy
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ᴛʜᴇ ᴛʜʀᴇᴇ ᴍᴏsᴛ ɪᴍᴘᴏʀᴛᴀɴᴛ ғᴜɴᴄᴛɪᴏɴs ᴏғ ᴇᴄᴏɴᴏᴍɪᴄs ᴀʀᴇ ᴀs ғᴏʟʟᴏᴡs: ᴊᴜsᴛ ᴀs ғᴇᴇᴅɪɴɢ, ᴅɪɢᴇsᴛɪᴏɴ ᴀɴᴅ ɢʀᴏᴡᴛʜ ᴀʀᴇ ᴛʜᴇ ᴠɪᴛᴀʟ ᴘʀᴏᴄᴇssᴇs ᴏғ ʟɪᴠɪɴɢ ʙᴇɪɴɢs; sɪᴍɪʟᴀʀʟʏ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ, ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴀɴᴅ ɢʀᴏᴡᴛʜ ᴀʀᴇ ᴛʜᴇ ᴇssᴇɴᴛɪᴀʟs ᴏғ ᴇᴄᴏɴᴏᴍɪᴇs.
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The three most important functions of economics are as follows: Just as feeding, digestion and growth are the vital processes of living beings; similarly production, consumption and growth are the essentials of economies.
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