Question

Beyond just money, the economy is about Question 10 options: the people who are most important to an individual's sense of self. the production, distribution, and consumption of goods and services. encouraging cooperation over competition. rituals and beliefs that divide the world into the sacred and the profane.

Answer 1

The economy is about "the production, distribution, and consumption of goods and services" also along with money.

The key components of the economy are:

1. Production.
2. Distribution
3. Consumption.

These three elements drive the flow of money within an economy. Let's see:

• The goods are produced as per the needs and demands of the people where people work to earn wages, salaries, profit, etc.
• This stage is followed by the distribution of these goods across different regions and areas.
• Lastly, these goods are purchased by their final users for consumption and their income earned from firms return to them again(circular flow of income).

Therefore, option B states a true claim about the elements of an economy.

Learn more about 'Economy' here: brainly.com/question/2421251