Economy is the system of production, distribution, and consumption of goods and services in a particular society or region. It is the management of resources to meet the needs of a population.
Economy is the system of production, distribution, and consumption of goods and services in a society. It is the way in which a society organizes its resources and activities in order to satisfy its needs and wants. The economy is made up of different sectors, such as agriculture, manufacturing, services, and finance. Each sector has its own set of activities and resources that contribute to the overall economy. The economy is also affected by external factors, such as government policies, international trade, and natural disasters. The performance of the economy is measured by indicators such as GDP, unemployment rate, inflation rate, and balance of payments. A healthy economy is one that is able to provide goods and services to its citizens, while also maintaining a balance between production and consumption.