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In social studies, the term "economy" refers to the system or structure that governs the production, distribution, and consumption of goods and services within a society or a region. It encompasses the study of how resources are allocated, how businesses and individuals interact within the marketplace, and how economic policies and systems impact the well-being and standard of living of a population. The field of economics within social studies examines various aspects of the economy, such as supply and demand, market structures, trade, economic growth, inflation, unemployment, and government policies aimed at regulating or influencing economic activities. Understanding the economy is essential for comprehending how societies create and allocate wealth and resources.
Deepika Shukla
Wiki User
∙ 10y agoThis means like the money of the government for example: when George Washington had trade and the whiskey rebellion, this could be economic because he was taking and earning money through farmers and other people
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Did having many goods to export strengthen the economy?
read yor social studies!!
How does a traditional economy satisfy the wants and needs of individuals?
Ask your Social Studies teacher.
What does barter mean in Social Studies?
Trade
Specialization helps each region make more of this?
The answer is economy it is in the social studies book read
What is the economy in Russia?
I don't know, that's why i asked. I'm so bored in social studies today...
What does front mean from social studies?
what does front mean in social study
What are the four strands social studies?
Economy, Civics (goverment), Geography, and History.
How indias improving economy is have effected development of aviation industry?
i really dont know social studies. just please dont ask me again about social studies
What does environment mean in social studies?
Environment means a certain surrounding, place, or a location in Social Studies.
What word in social studies start with the letter e?
economics, economy
Did having many goods to export strengthen the economy?
read yor social studies!!
How does a traditional economy satisfy the wants and needs of individuals?
Ask your Social Studies teacher.
Strands of social studies?
There aren't six strands of social studies there are 8 strands of social studies and they are: history, geography, economics, government, citizenship, culture, science/technology, and social studies skills
What does feature mean in social studies?
maps
What does neutral mean its from social studies?
Place
What does isthmus mean in social studies?
be goog
What does silt mean in social studies?
Silt
