Respuesta :
As a result, an economy's average interest rates will rise as the market price (i.e., inflation) rises.
How is an economy defined?
An economy is a collection of interrelated production and consumption processes that ultimately decide how resources are distributed within a community. The demands of persons who live there and conduct business there are met by the creation and consumption of products and services as a whole.
Which are some instances of economy?
The traditional economy, which uses a country's traditions and history to direct the distribution and production of goods, is a well-known illustration of an economy. The main pillars of traditional economies are farming, fishing, and hunting.
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