Explain how ‘Economy is a system of livelihood’?

1.	Explain how ‘Economy is a system of livelihood’?
Answer» Economy is a system of livelihood. When we took into the activities of a country we find that different people are engaged in different types of works as a farmer ploughs’ fields, labour works in a factory, an employee works in office and so on. All these people work to earn their livelihood. An organisation or a system which promotes and organises these activities of livelihood, is known as economy.

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