Economy definition

by economy on 24/09/07 at 6:45 pm

economyThere are several economy definitions

Activities related to the production and distribution of goods and services in a particular geographic region.

The correct and effective use of available resources.

System of producing, distributing, and consuming wealth.

The sum of the efforts and activities of the members of the household in acquiring the means to satisfy their wants may be designated as the economy of the household. Where a household is not economically self-sufficing, that is, where households are economically interdependent, we have a broadereconomy. Where this interdependence is state or nation-wide, there exists a national economy or political economy.

economyThere are several economy definitions

The correct and effective use of goods and effective use of the production and activities of producing, distributing, and effective use of goods and services in a national economy of producing, distributing, and consuming wealth.

Basic Economy: Understanding Bonds
There are certain things you must understand about bonds before you start investing in the...

  • Economic Crisis: how did the federal reserve help with the recovery of the great depression?
    I've searched everywhere and the only thing i can find is "the federal reserve system...
  • Economic Delusions: Tulipomania delusion
    The demand for tulips of a rare species increased so much in the year 1636, th...
  • Economy Terms: U.S. income tax
    Federal income taxes haven't always been a certainty. In the early 20th century, people li...