Question

What is meant by cc economy

Answer 1

Explanation:

CC - economy refers to commodity commodity economy. In such an economy barter system prevails for the fulfillment or satisfaction of wants. People exchange commodities for commodities which helps them to satisfy their wants.

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Answer 2

Answer:

An economy (from Greek οίκος – "household" an– "manage") is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.[1] A given economy is the result of a s organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

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