Question

what is economy?and tell me something about this!please

Answer 1

An economy  is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location in various countries. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resource. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Monetary transactions only account for a small part of the economic domain