Question

What is meant by an economy? Give the major characteristics of a capitalist economy.

Answer 1

Answer:

every citizen has to know

Explanation:

The meaning of economy is the careful management of avalible of resources

main features of captialist of economy

. Private property

. having of freedom of enter prices

. Soverginit y of the consumer

. No government interference

. improving profit motive

I HOPE IT HEPLS U

BE PROUD TO BE AN INDIAN

JAI HIND

Answer 2

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.