Question

what is the nature of an economy. ??​

Answer 1

Answer:

Economic activity is the process by which the stock of resources or stock of capital produces a flow of output of goods and services that people utilize in partial satisfaction of their unlimited wants.

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Answer 2

Answer:

The nature of economics is the study of wealth, human behaviour and scarce resources and their utilisation. Economics is considered as a science as well as art because it includes the continuous and systematic study of facts, and all laws are tested and based on the experiments with a full explanation.