Hey Guys, I'm Subham Jha
According to my opinion, here is the basic definition of "What is an Economy?", actually, I'm currently a student, not an economic expert so maybe it does not look like exact information is given by an expert but maybe it can help you to understand "What is an Economy?"
Basic Definition of An Economy
In basics, an economy is the study of the processes of managing resources involving any production of goods and services, produced, distributed, and consumed in a society.