What are the three ways of defining an economy?

1.	What are the three ways of defining an economy?
Answer» Three ways of defining an economy are : 1. Economy is a system of peoples’ livelihood. 2. It is a system of mutual cooperation among producers. 3. It is a system of mutual exchange.

Answer»

Three ways of defining an economy are :

1. Economy is a system of peoples’ livelihood.

2. It is a system of mutual cooperation among producers.

3. It is a system of mutual exchange.

Discussion