Science, asked by mohinderkapoor111, 9 months ago

what do you understand by economy​

Answers

Answered by sagarkhundia
3

Answer:

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

Answered by Asifgenius
2

Answer:

hey mate,

your question

what do you understand by economy?

Explanation:

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

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