what is economy???????????
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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 resources'.
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ᴀɴ ᴇᴄᴏɴᴏᴍʏ ɪs ᴛʜᴇ ʟᴀʀɢᴇ sᴇᴛ ᴏғ ɪɴᴛᴇʀ-ʀᴇʟᴀᴛᴇᴅ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴛʜᴀᴛ ᴀɪᴅ ɪɴ ᴅᴇᴛᴇʀᴍɪɴɪɴɢ ʜᴏᴡ sᴄᴀʀᴄᴇ ʀᴇsᴏᴜʀᴄᴇs ᴀʀᴇ ᴀʟʟᴏᴄᴀᴛᴇᴅ. ɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ, ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴀʀᴇ ᴜsᴇᴅ ᴛᴏ ғᴜʟғɪʟʟ ᴛʜᴇ ɴᴇᴇᴅs ᴏғ ᴛʜᴏsᴇ ʟɪᴠɪɴɢ ᴀɴᴅ ᴏᴘᴇʀᴀᴛɪɴɢ ᴡɪᴛʜɪɴ ɪᴛ.
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