WORLD CIVILIZATION

CIVILIZATION

SUMERIAN

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
A
economy
B
GDP
C
stocks
D
None of the above
Explanation: 

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: -Economics is the study of using resources to produce goods and services as effectively and efficiently as possible to satisfy the needs and wants of consumers.

Detailed explanation-3: -An economy is the system for deciding how scarce resources are used so that goods and services can be produced and consumed. Resources are things like land, people (who can work or innovate through their ideas) and raw materials.

Detailed explanation-4: -DEFINITIONS1. the act of making a country, group, or person richer and more successful.

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