Economy, asked by studentof11th, 9 months ago

what do you understand by the term 'Economics'? Define and explain giving examples.​

Answers

Answered by sathish051197
1

Answer:

Economics is a study of value of goods and services that produced, distributed and consumed.

Two types namely Micro economy and macro economy. Micro economy is a study of economic status of individual person otherwise Macro economy is about the economic status of entire country.

Ex. value of trade in stock exchange market.

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