‘Economy is a system of peoples’ livelihood’ It is: (a) One of the definitions of economy. (b) One of the merits of economy. (c) One of the outcomes of economy.(d) One of the demerits of economy.

‘Economy is a system of peoples’ livelihood’ It is: (a) One of

1.	‘Economy is a system of peoples’ livelihood’ It is: (a) One of the definitions of economy. (b) One of the merits of economy. (c) One of the outcomes of economy.(d) One of the demerits of economy.
Answer» (b) One of the merits of economy.