Keyword Analysis & Research: economy

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Frequently Asked Questions

What makes up an economy?

An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments.

What is economy defined as?

Economy is defined as the management of financial matters for a community, business or family. An example of economy is the stock market system in the United States.

What does the term economy mean?

Definition of economy. (Entry 1 of 2) 1 : the structure or conditions of economic life in a country, area, or period also : an economic system.

What are the three components of economy?

Economic condition is a composite of a government's financial health and its ability and willingness to meet its financial obligations and commitments to provide services. Economic condition includes three components: financial position, fiscal capacity, and service capacity.

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