FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Economy-the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

Detailed explanation-2: -What are economic resources? Economic resources are the resources used for carrying out economic activities. The main classes of economic resources are land, labour, capital, and entrepreneurship and the rest of the resources derive from these classes.

Detailed explanation-3: -The Wealth Economy: a Framework for Sustainable Prosperity ‘Beyond GDP’ Enabling decision-makers to develop a rigorous and holistic framework for making effective use of all their resources in a way that embeds sustainability and de-silos decision-making.

Detailed explanation-4: -An economy encompasses all of the activities related to the production, consumption, and trade of goods and services in an entity, whether the entity is a nation or a small town. No two economies are identical. Each is formed according to its own resources, culture, laws, history, and geography.