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- The fundamental difference between economics and economy is that Economics is a subject concerned with the optimization of available resources, in an efficient manner. On the other hand, Economy denotes the economic condition, status and activities of a geographical area or country.keydifferences.com/difference-between-economics-and-economy.html
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WEBMar 7, 2023 · The main difference between economy and economics is that economy focuses on the production, consumption, and distribution of goods and services in a region or country, while economics explores …
WEBAn economy is an area of the production, consumption, distribution, and trade of goods and services by different economic agents. In …
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WEBMay 16, 2024 · Part of the Series. Guide to Economics. What Is an Economy? An economy is a complex system of interrelated production, consumption, and exchange activities, which ultimately...
Economics vs. Economy: What’s the Difference?
WEBApr 4, 2024 · Key Takeaways. Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. The field...
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