Question

What is an Economy? And what are the causes of an economy?​

Answer 1

Answer:

Financial, psychological, and real economic factors are at play in the causes and effects of recessions. Causes of the incipient recession in 2020 include the impact of Covid-19 and the preceding decade of extreme monetary stimulus that left the economy vulnerable to economic shocks.

Answer 2

Ecnomic growth means there is an increase in national output and national income. Ecnomic growth is caused by two main factors: An increase in aggregate demand(AD) An increase in aggregate supply(productive capacity).