In a closed, private economy with an equilibrium income of $180 billion, savings amount to $38 billion in projected investment is required.
An economy is a sophisticated system of interconnected production, consumption, and trading activities that ultimately determines how resources are allocated among all the participants. The production, use, and distribution of goods and services satisfy the needs of those who reside and work within the economy.
An economy can represent a nation, a region, a single industry, or even a family.
Whether an entity is a country or a small town, an economy includes all of the activities connected to the production, consumption, and trade of products and services in that entity.
Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it. Each changes as a result of the individuals' decisions and behaviors.
These choices are decided using a combination of collective or hierarchical decision-making and market transactions.
To learn more about the, economy visit:
https://brainly.com/question/17391901
#SPJ4
