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InterviewSolution
| 1. |
What is economics and economy |
| Answer» Economy is a place where people interaction with each other with motive of earning money for themselves ..Economy is a branch of knowledge that studys consumption , production , exchange and distribution of wealth<br>Economics is a subject in we study about the economic problems of human life which arise due to 2 reasons which are scarce resources and these resources have their alternative uses.Economy is a system by which people of an area earn their living<br>Economics is a relationship between scarce resources and their alternative uses.Economy is a system by which people earn their livelihood or economy can be defined as the language of economics | |