ICSE Class 9 Answered
WHAT IS AN ECONOMY
Asked by harshitsethia28 | 04 Nov, 2020, 09:56: AM
Expert Answer
Economy is system involved in production, consumption, investment and exchange of goods and services. This system indicates how people earn their living.
OR
Economy is defined as a system which provides people with goods and services and directly or indirectly satisfies their wants.
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