Economy refers to the income, expenditures, and resources that affect the cost of running a business and household. This includes factors such as production, consumption, distribution, and trade of goods and services.

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Economy Refers to

Question 81

Multiple Choice

Economy refers to

A) the income, expenditures, and resources that affect the cost of running a business and household.
B) the purchase of the highest quality product for the lowest possible price.
C) the purchase of the greatest quantity of a product for the lowest possible price without compromising on quality.
D) the independent financial factors that are not affected by changes in the environment.
E) outside forces, still within a manufacturer's control, that affect the amount of a product produced or sold.

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