Difference between revisions of "Economy"
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(Changed wording to reflect the fact that an economy is not based on money BY DEFINITION. The article still needs improving and expanding.) |
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| − | An '''economy''' is the system of | + | An '''economy''' is the system of producing, distributing and consuming goods and services; virtually all modern economies are based on [[money]]. Before the invention of [[currency]], most economies were based on [[barter]]. Various economic systems exist and have existed around the [[world]]. |
== See also == | == See also == | ||
*[[Capitalism]] | *[[Capitalism]] | ||
| + | *[[Communism]] | ||
==External Links== | ==External Links== | ||