Question

what is an economy?
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Answer 1

Answer:

An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents.

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 scarce resources'.

Explanation:

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