Economy, asked by 2005kavyapanchal, 3 months ago

which are the two vital elements of an economy

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Answered by devanandqln

Explanation:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

Answered by Anonymous

Answer:

Production and consumption.

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which are the two vital elements of an economy​

Answers

which are the two vital elements of an economy