An economy is a large inter related system of production and consumption activities that help in determining the allocation of scarce resources. This is also known as an economic system. Economy is a Greek word which means household management. …
Economy
Introduction to Economics | Economics Class 12 Notes | CBSE
WHAT IS ECONOMY AND VITAL PROCESSES OF AN ECONOMY Economy is a system, which provides means to work and earn a living to the people. An economy generally consists of all sources of production in agriculture, industry, transport and communication. …
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