Monday, March 18, 2013

What is Economy?

What is Economy?

An economy is a system which provides people, the means to work and earn a living.

It is an organisation that provides living to the people. In this task, it makes use of the available resources to produce those goods and services that people want. 

Such units enable people to earn an income and, at the same time, help to produce goods and services which people require for us.

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