Difference between revisions of "Economy"
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| − | An '''economy''' is the system of | + | An '''economy''' is the system of [[production]], [[distribution]], and [[consumption]] of [[goods]] and [[service]]s. Virtually all modern economies are based on [[money]], though, before the invention of [[currency]], most economies were based on [[barter]]. Various [[economic]] systems exist and have existed around the [[world]]. |
| − | + | ||
== See also == | == See also == | ||
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*[[Capitalism]] | *[[Capitalism]] | ||
| + | *[[Communism]] | ||
| − | + | ==External links== | |
| + | *[http://www.aim.org/wls/category/economy/ What Liberals Say - Category: Economy], [[Accuracy In Media]] | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 20:32, January 24, 2017
An economy is the system of production, distribution, and consumption of goods and services. Virtually all modern economies are based on money, though, before the invention of currency, most economies were based on barter. Various economic systems exist and have existed around the world.
