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An economy (or "the economy") is the realized social system of production, exchange, distribution, and consumption of goods and services of a country or other area. A given economy is the end result of a process that involves its technological evolution, civilization's history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoAn economy is a system that measures the rate of human performance and the efficiency in distributing man-made products to satisfy individual and collective wants, especially of a given geographic area such as a region, country, or the whole world.
Wiki User
∙ 6y agocarefull management of avalable resources
Economy is the resources and wealth of a region or culture in terms of consumption or production of services and goods.
Wiki User
∙ 12y agoActivities related to the production and distribution of goods and services in a particular geographic region.
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What is the definition of underdeveloped economy?
definition of underdevlop economy
Why is lord robbins definition the most acceptable definition of economics?
It study Human behaviour "wants and scarcity"
What is the definition of a high throughput economy?
Boom
What is the concept and definition of political economy?
One definition of political economy consists of the study of the management, direction, organization, and manipulation of a nation's economy. The political philosophy of a nation, in this case, is geared economical control.
What is the definition of economic changes?
change in the economy
What is the definition of acceptable?
The word acceptable is an adjective. The definition of acceptable is suitable, allowable or agreeable. An example could be, the boy's behavior at school was not acceptable so he received detention.
What is the definition of underdeveloped economy?
definition of underdevlop economy
What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
What is the definition of valid?
Fair and acceptable are both definitions for valid
Why is lord robbins definition the most acceptable definition of economics?
It study Human behaviour "wants and scarcity"
What does it mean for a definition to be universally acceptable?
it means that it has jesus seal of approval.
Is a vector a quantity that has both a magnitude and direction?
Yes, that is an acceptable definition.
What is the definition of a high throughput economy?
Boom
What is the definition of one resource economy?
idgaf
What is the concept and definition of political economy?
One definition of political economy consists of the study of the management, direction, organization, and manipulation of a nation's economy. The political philosophy of a nation, in this case, is geared economical control.
What is the definition of economic changes?
change in the economy
What is the definition for the crop?
One-Crop Economy- An economy that is based on a single crop, such as bananas, sugarcane, or cacao.
