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Brums [2.3K]
3 years ago
11

How does an economy effect society?

Social Studies
1 answer:
frez [133]3 years ago
3 0

Answer:

For the general public, the main impact is the cost of living. The economy has a direct impact on our spending ability. An economic recession generally leads to an increased cost of living. ... The countries currency is also generally affected during a recession, which contributes to inflation of prices.

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