Economics: An economy is referred to any system or area where economic activities are carried out. Each economy has its own character. Accordingly, the functions or activities also vary.
An economy, the fundamental economic activities are production and consumption.

Question

An economy is referred to any system or area where economic activities are carried out. Each economy has its own character. Accordingly, the functions or activities also vary.
An economy, the fundamental economic activities are production and consumption.

Vimala Balu · Accepted Answer

What is meant by an ‘Economy’?

Vimala Balu · Answer

	many non-economic factors determine economic activities but they do not find place in the usual macroeconomics

Economics

An economy is referred to any system or area where economic activities are carried out. Each economy has its own character. Accordingly, the functions or activities also vary. An economy, the fundamental economic activities are production and consumption.

What is meant by an ‘Economy’?

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