What is economy simple word?
An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance.
Which word best describes economics?
Study of means and wants.
What are the two words of economics?
The word 'economics' is derived from two Greek words, 'eco' meaning home and 'nomos' meaning account, which refers to household management.
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