The economy is the sum total of business activity in an area.
What is the economy?
The economy of a country is its status in relation to the production and utilization of goods and services, as well as the supply of money.
This domain includes the:
- Production,
- Distribution, and
- Trading of products and services by various agents.
The economy is described broadly as a social domain emphasizing the activities, discourses, and material manifestations linked with the creation, use, and administration of scarce resources.
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