What is an Economy

An Economy is the system of production, distribution and consumption. Economy can be a developed one with the efficient use of available resources. We can use our resources efficiently with the better knowledge of economy and finances.

Many of us have a misconception that economy means only Business, Stock markets, Banks and those who are involved in commercial activities. But economy includes business, sentiments, emotions and many other hidden things which you all have experienced in different ways and in different situations. One economy can be totally imbalanced from the emotions and sentiments of the people. My dear Readers an efficient and a developed economy include the following :

If we follow above said points, we can successfully build an "economy of effort".