You have probably heard the words "economy" and "money" before. Economy refers to the production and distribution of goods and services.

In 60 words or fewer, write what you think the term "economy" means. Think about how money fits into your definition.

I think economy means
______

Word count: _

SUBMIT

Question

10-07-2024
Social Studies

Answered

You have probably heard the words "economy" and "money" before. Economy refers to the production and distribution of goods and services.

In 60 words or fewer, write what you think the term "economy" means. Think about how money fits into your definition.

I think economy means
______

Word count: _

SUBMIT

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-10T11:30:16-04:00

Final answer:

Economy involves the production, distribution, and consumption of goods and services within society, with money playing a vital role as a medium of exchange.

Explanation:

Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses how resources are allocated and utilized to meet the needs and wants of individuals and businesses. Money plays a crucial role in the economy by facilitating transactions and serving as a medium of exchange.

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