Economy, asked by itzsweetcupcake4, 19 days ago

what is economy
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Answers

Answered by ayushikushwaha53
3

Answer:

Dear, I have two answers for you◉‿◉

Explanation:

=> An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

=> Economy is a system in which people earn their living to satisfy their wants through process of production, consumption, investment and exchange. Economics : Economics is the study of the problem of choice arising out of scarcity of resources having alternative uses.

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Answered by xxcuteboyxx62
6

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☞︎︎︎ step by step explane ☜︎︎︎

➪ 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 scarce resources'. . .

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