what is meant by economy? write the type of economy
Answers
Answer: 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.
There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two. Individuals and businesses make their own economic decisions. The state's central government makes all of the country's economic decisions. Explanation: mark me as brainliest plssssssssssss
Answer:
if it is helpful mark me as brainlist
