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What you mean by economy |
Answer» Economy is a system by which people of an area earn thier living.<br>What is a questionnaire<br>Economics is\xa0a science that studies human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. ... Scarcity means shortage of goods and resources in relation to their demand | |