what does economy means
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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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- An economy is a system of making and trading things of value. it is divided into goods and services. it assumes there is medium of exchange in the modern world is a system of finance.
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