Economy Quiz

An economy is an area of the production, distribution and trade, as well as consumption of goods and services.

The main factors that involve a given economy include culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources.

The economic agents can be individuals, businesses, organizations, or governments.

<p>Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.</p> Signup and view all the answers

<p>No, the economic domain is a social domain of interrelated human practices and transactions.</p> Signup and view all the answers