Question

What is economy ? And why is important for our country

Answer 1

Answer:

• Economy is the thing that allows us to survive and thrive.

• A system where no money is involved and trade is done as direct exchange of goods is an economy too.

Explanation:

• Economy is important because it helps people understand how a variety of factors work with and against each other to control how resources such as labor and capital get used, and how inflation, supply, demand, interest rates and other factors determine how much you pay for goods and services.