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Distinguished between economy and economics

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Distinguished between economy and economics
  • 2 answers

Sia ? 6 years, 4 months ago

The economy is the relationship between production, trade and the supply of money in a particular country or region.
Economics is a science that studies economies and develops possible models for their functioning.

Armandeep Singh 6 years, 4 months ago

Economics is the subject matter that deals with economic problems related to an individual producer , consumer and individual market. Economy is the system by which people of an area earn their livings.
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