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"economy" vs "social-economy"

The phrases "social-economy" and "economy" are not directly comparable as they serve different purposes. "Economy" refers to the system of production, distribution, and consumption of goods and services in a country or region, while "social-economy" could be a compound term referring to the economic aspects of society or a specific economic system that incorporates social considerations.

Last Updated: March 15, 2024

economy

The term "economy" is correct and commonly used to refer to the system of production, distribution, and consumption of goods and services in a country or region.

It is a broad term that encompasses various economic activities and indicators such as GDP, inflation, employment, and trade.

social-economy

The term "social-economy" is correct and can be used in the context of discussing economic systems that take social factors into account.

This term is often used to describe economic models that prioritize social welfare or community well-being alongside traditional economic goals.

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