answersLogoWhite

0

What is the concept of economy?

Updated: 4/28/2022
User Avatar

Wiki User

10y ago

Best Answer

The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the concept of economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What concept refers to an economy based on computer technology?

postindustrial economy


How is the concept of opportunity relevant to the economy of west African countries?

How is the concept of opportunity cost relevant to the economy of west African countries


How is the concept opportunity cost relevant to the economy of West African countries?

How is the concept of opportunity cost relevant to the economy of west African countries


What is an example to explain the concept of scarcity?

Mixed economy


What is the term that explains the concept of something lacking economy of scale?

a


How is the concept of opportunity cost relevant to the economy of west African countries?

How is the concept of opportunity cost relevant to the economy of west African countries


What is max weber's concept of society bridges between economy and society?

#


What is the concept of currency control?

The concept of currency control is very essential for any economy. This is what will often regulate the rate of inflation and deflation.


What concept involes using government spending and taxation to influence the economy?

Fiscal Policy :)


Is a complete lack of government involvement in the economy a characteristic of the invisible hand concept?

yes


What is the concept and definition of political economy?

One definition of political economy consists of the study of the management, direction, organization, and manipulation of a nation's economy. The political philosophy of a nation, in this case, is geared economical control.


What concept refers to global economy in which multinational corporations exploit people in low-income nations?

colonialism