Select the word from the list that best fits the definition a set of people who interact on the basis of shared expectations and who possess some degree of common identity.

A group is a set of people who interact on the basis of shared expectations and who possess some degree of common identity.

Group

Explanation:

A number of things or people that are together at one place or time or a set of people having same aims and interests and organise themselves to act or work together is called a group. League, body and organisation are its synonyms.

Example: The workers work in groups to solve complex problems.  

He is one of the important person in his age group.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.