An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location. Understood in its broadest sense, 'The economic is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use and management of resources'.[1] Economic agents can be individuals, businesses, organizations, or governments.

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What is Economy?

Asked by Ankita 30/09/2016 Last Modified 26/05/2020

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