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What is concept of economis ?

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What is concept of economis ?
  • 2 answers

Saima R. 5 years, 1 month ago

An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments.

Saima R. 5 years, 1 month ago

Economics deals with maintaining an efficient balance between unlimited wants and limited resources in everyone's life. Economics also deals with the production, distribution, and consumption of goods and services.
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