Question

WHAT'S THE DIFFERENCE BETWEEN ECONOMY AND ECONOMICS.? WITH EXPLANATIONS...

Answer 1

Answer:

Basically, economics is the study of an economy, i.e. its structure, condition, working, performance, issues, remedies, etc. ... On the other hand, an economy indicates a region, a particular area or country, concerning production, distribution, consumption, and exchange of goods and services, and supply of money.

Explanation:

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Answer 2

The world's economy and economics are related to each other.

Explanation:

• Economy deals with the process that leads to the uptake exchange and intake of different types of goods through exchange or barter system. For example the majority of the the money that is collected in India is due to the widespread agriculture and hence the economy of India is said to be agro based economy.

• On the other hand economics is the part of study which deals with the difference types of economy and the effect of them on the people and the society. It also gives us processes for the improvement of the economy of a particular area

To know more,

explain the meaning of disintegrated economy​ - Brainly.in

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