Question

The condition of a country’s depends on its people’s ability to exchange money for goods and services.

Answer 1

Answer;

-Economy

The condition of a country’s economy depends on its people’s ability to exchange money for goods and services.

Explanation;

Economy is the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

An economy encompasses all activity related to production, consumption and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments.

There are four different types of economies; traditional economy, market economy, command economy and mixed economy. Each type of economy has it’s own strengths and weaknesses.

Answer 2

The condition of a country’s economy depends on its people’s ability to exchange money for goods and services