Keyword Analysis & Research: economy

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Frequently Asked Questions

What does economy refer to?

Economy also refers to the way in which resources, especially those in shortage, are managed in a competent and appropriate manner. For example, the Industrial Revolution of the nineteenth century can probably be considered as the first time in history that goods and services were mass produced for wider consumption.

What makes up an economy?

1 Answer. The world economy is made up of all the players that are making goods, scribing spells, and performing services. In addition to this NPCs will have their actions completely integrated into the economy and will respond to local market fluctuations and normal supply and demand mechanics.

What is the meaning of economy?

Definition of economy. (Entry 1 of 2) 1 : the structure or conditions of economic life in a country, area, or period also : an economic system. 2a : thrifty and efficient use of material resources : frugality in expenditures also : an instance or a means of economizing : saving.

What is an example of economy?

Economy is defined as the management of financial matters for a community, business or family. An example of economy is the stock market system in the United States.

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