Question

Explain What is an economy?

Answer 1

the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Step-by-step explanation:

Answer 2

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

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