oa Civil Engineering = Siviele Ingenieurswese - What is an economy REALLY? : opinion 2



The word economy is frequently used and frequently abused. Having been exposed to a basic understanding of economics in the 1980s, I have from time to time pondered the question, "What is this thing we call an economy?" This article seeks to answer that question based on my observations over many years. The following headlines seem to me to be the most relevant subject areas in determining the success or failure of an economy, with particular reference to the economy of South Africa at present.


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