The Economy: What is it?

Breaking Down Economies All activity that relates to the trade, production, and consumption of services and goods is encompassed by an economy within a specified area. Through a combination of hierarchical or collective decisions and market, transactions are how these decisions are made. This process has everyone from corporations, families, individuals, entities, corporations, and governments […]

The Economy: What is it?

Breaking Down Economies All activity that relates to the trade, production, and consumption of services and goods is encompassed by an economy within a specified area. Through a combination of hierarchical or collective decisions and market, transactions are how these decisions are made. This process has everyone from corporations, families, individuals, entities, corporations, and governments […]

The Economy: What is it?

Breaking Down Economies All activity that relates to the trade, production, and consumption of services and goods is encompassed by an economy within a specified area. Through a combination of hierarchical or collective decisions and market, transactions are how these decisions are made. This process has everyone from corporations, families, individuals, entities, corporations, and governments […]