Question

An economy is created by the interactions between which two groups of people? A. Politicians and teachers B. Entrepreneurs and economists C. Producers and consumers D. Business and social entrepreneurs

Answer 1

The correct answer would be C, Producers and Consumers.

Step-by-step explanation:

An Economy is something where activities of production, consumption, distribution, and every kind of trade is taking place. Huge money supply takes place in an economy. It is sometimes called the trading hub or trading center, where all trades are occurring. So the option C is the appropriate one because it is true that economy exists just because of the interaction between the producers and the consumers. If there is no producer who produces a product, there won't be a consumer who consumes it, there won't be any money involved, there won't be any trade taking place. So Economy exists just because of the interaction between the producers and the consumers.

Answer 2

The correct option is C.
An economy refers to the state of a nation in relation to the production and consumption of goods and services and the supply of money in that country. Thus an economy implies the network of producers, distributors and consumers of goods and services in a country.