Explain the functions of an economy.

1.	Explain the functions of an economy.
Answer» Every country has a different economy. But the main functions of an economy are similar. Some of the main functions of an economy are: Deciding the product and quantity of its production. Deciding for whom will the goods be produced. Minimising the production costs as much as possible. Distributing national income1 according to social and economic justice2. Making appropriate provisions3 for the economic needs of the future.

Answer»

Every country has a different economy. But the main functions of an economy are similar. Some of the main functions of an economy are:

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