Business economics for tamil meaning

The word or phrase economic refers to using the minimum of time or resources necessary for effectiveness, or financially rewarding, or concerned with worldly necessities of life (especially money), or of or relating to the science of economics, or of or relating to an economy, the system of production and management of material wealth.

Three years back Tamil Nadu was ranked as the fourth largest economy in the country.
Last year, it became the second largest at GSDP of $132.4 billion.
It is also one of the most urbanized States in the country and also has high literacy rate of 80%.

Small businesses are the backbone of the Tamil Nadu economy.
In fact, there are more than 42.50 million small businesses in India, and they account for more than 95% of all businesses in the country.
Small businesses are an important part of the Tamil Nadu economy because they create jobs, promote innovation, and stimulate economic growth.