what is economy? give an example.
Answers
Answered by
2
hi friend..
Economy was d erived from the Greek word oikonomos, meaning "one who manages a household .."
Economy usually refers to the resources which are in shortage could be managed in an appropriate manner.....
Example: the Industrial Revolution of the nineteenth century can probably be considered as the first time in history that goods and services were mass produced for wider consumption....
hope this helps u....
Economy was d erived from the Greek word oikonomos, meaning "one who manages a household .."
Economy usually refers to the resources which are in shortage could be managed in an appropriate manner.....
Example: the Industrial Revolution of the nineteenth century can probably be considered as the first time in history that goods and services were mass produced for wider consumption....
hope this helps u....
Answered by
2
an environment where all the work of exchange f good happen with a wide range of producers, distributors and consumers etc, living with a balance in goods .it can be in many levels like local ,national ,international etc according to the level of displacement of good.
example:a stock market system in US
hope it helps!!!!
example:a stock market system in US
hope it helps!!!!
Similar questions