Economics - 2041 Words
Question 1. What are the vital functions of an Economy? Explain the price mechanism.
An economy refers to the financial system of the region, province or nation. "It is a system by which folks get a livelihood." For instance the "Economy includes farms, factories, mines, shops, banks, roads, railways, aircrafts, offices, schools, cinemas etc., which grants the people with the goods and services which they also use themselves or sell overseas in order to be able to buy imports." Sir...
2,041 Words | 6 Pages