An Economy (from Greek οίκος – "household" and νέμoμαι – "manipulate") is a place of the manufacturing, distribution and change, as well as intake of goods and services via different retailers. Understood in its broadest experience, 'The economic system is described as a social domain that emphasize the practices, discourses, and material expressions related to the manufacturing, use, and control of sources'.A given economy is the result of a hard and fast of processes that involves its subculture, values, education, technological evolution, history, social organisation, political shape and criminal structures, as well as its geography, natural resource endowment, and ecology, as primary factors. those elements provide context, content material, and set the conditions and parameters in which an financial system capabilities. In different words, the financial area is a social domain of human practices and transactions. It does now not stand alone. monetary dealers can be individuals, companies, agencies, or governments. monetary transactions arise while two organizations or parties comply with the value or charge of the transacted precise or service, generally expressed in a sure currency. but, financial transactions most effective account for a small a part of the financial domain