Question : What is an economy?
Option 1: It is a system which provides people, the means to work
Option 2: It is a system which provides people, the means to earn
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: Both 1 and 2
Solution :
An economy is a system that gives people the means they need to work and earn a living. It is a system that helps people make a living. For instance, all production sources in agriculture, manufacturing, transportation and communication, banking, etc. are included in the Indian economy.
Hence, the correct option is 3.