The branch of knowledge
concerned with the production, consumption, and transfer of wealth.
In a simple term, an economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents.
Careful use of money, resources and production facilities.
The system of how money is made and used in a country or region.
The economy of a region is linked to things such as how many goods and services are produced and how much money people can spend on these things.
 |
| Economy
Read: The Typesof Economy
|