What is difference between economic and economy???
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The term 'economy' refers to the condition of a nation or any particular region in terms of the production and consumption of goods and services and the supply of money in it. And, 'economics' is a science that studies the behaviour of any economy.
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shivam10sep:
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Economy :- The word Economy means, the financial status of a society. Also an economy is a social system or network where people and the firms they create exchange of goods and services, sometimes (usually) with currency. Markets and all of the suppliers (workers, firms) and demand (households, firms) involved form an economy, including a government if it regulates it.
Economic:- Economic is the social science which describes the factors to determine the production, distribution and consumption of goods and services. Economic is usually the descriptive term for anything related to an economy. Economic growth is when productivity and spending increases in syncronisation in an economy.
Economic:- Economic is the social science which describes the factors to determine the production, distribution and consumption of goods and services. Economic is usually the descriptive term for anything related to an economy. Economic growth is when productivity and spending increases in syncronisation in an economy.
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