Question

What is economy ? with reason

Answer 1

Economic benefits are benefits that can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs. How one measures economic benefits really depends on what he is analyzing. Economic benefits can be measured and used in business decisions, policy decisions, and market analyses. Businesses will probably use measures such as net income, net cash flow, or return on investment. Policy makers will likely use consumer and producer surplus measures.

Answer 2

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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