Explain the meaning functioning of any economy?

1.	Explain the meaning functioning of any economy?
Answer» <html><body><p></p>Solution :An economy is the large set of inter-related production and consumption activities that <a href="https://interviewquestions.tuteehub.com/tag/aid-852184" style="font-weight:bold;" target="_blank" title="Click to know more about AID">AID</a> in determining how scarce resources are allocated. The production and consumption of goods and services are used to fulfill the needs of those living and operating <a href="https://interviewquestions.tuteehub.com/tag/within-732414" style="font-weight:bold;" target="_blank" title="Click to know more about WITHIN">WITHIN</a> the economy, which is also <a href="https://interviewquestions.tuteehub.com/tag/referred-7264329" style="font-weight:bold;" target="_blank" title="Click to know more about REFERRED">REFERRED</a> to as an economic <a href="https://interviewquestions.tuteehub.com/tag/system-1237255" style="font-weight:bold;" target="_blank" title="Click to know more about SYSTEM">SYSTEM</a>.</body></html>

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