economy

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Economy Definition & Meaning

1. Economy refers to the system of production, distribution, and consumption of goods and services in a country or region.

Example: The economy of the united states is largely driven by consumer spending.

2. Economy can also refer to the careful and efficient use of resources, such as time, money, or energy.

Example: The company implemented cost-saving measures to improve its economy.

3. Economy can mean the wealth and resources of a country or region.

Example: The country's economy was devastated by the war.

4. Economy can refer to a particular sector or industry, such as the automotive economy or the tech economy.

Example: The tech economy in silicon valley is booming.

5. Economy can also refer to the financial system of a country, including banks, stock markets, and other institutions.

Example: The government took steps to stabilize the economy after the financial crisis.

Examples of the word economy used in sentences.

  • The government is taking measures to improve the economy.
  • The low economy has caused many people to lose their jobs.
  • The tourism industry is vital to the country's economy.
  • The economy is growing fast in this country.
  • She studied economics to understand the global economy.
  • The global economy has been struggling due to the ongoing pandemic.
  • The tourism industry plays a significant role in the economy of this country.
  • Many small businesses are struggling to survive in today's economy.
  • Studying economics can help you understand how the economy works.
  • The government is implementing new policies to boost the local economy.
  • The government's new policies aim to boost the economy by investing in infrastructure and job creation.
  • The digital economy has revolutionized the way we do business, providing opportunities for entrepreneurs and startups.
  • Renewable energy is crucial for a sustainable economy, as it reduces dependence on finite resources.
  • Rising inflation is a major concern for the economy, as it erodes the purchasing power of consumers and drives up prices.
  • The global pandemic has severely impacted the economy, leading to a recession in many countries.
  • Despite the current economic downturn, many small businesses are finding innovative ways to stay afloat.
  • An efficient economy relies on an educated workforce, access to capital, and a stable political environment.
  • The gig economy has given many people the opportunity to work flexibly, albeit with uncertain income.
  • The sharing economy has disrupted traditional industries such as transportation and hospitality.
  • The government is taking measures to boost the local economy by offering tax incentives to foreign investors.
  • The gig economy has become a popular alternative for those seeking flexible work arrangements.
  • The global economy is interconnected, and a change in one country can affect others.
  • Many people are concerned about the impact of automation on the economy and job market.
  • The country's economy has been struggling to recover from the effects of the pandemic.
  • The government's economic policies have led to significant growth in certain sectors.
  • The government's decision to invest in renewable energy sources will not only benefit the environment but also boost the economy in the long run.
  • The pandemic had a detrimental impact on the global economy, with many businesses shutting down and unemployment rates soaring.
  • The tourism industry is a crucial part of the local economy, generating jobs and revenue for small businesses in the area.
  • The gig economy has been on the rise in recent years, with more people opting for flexible working arrangements instead of traditional 9-5 jobs.
  • We need to find ways to bridge the economic divide between developed and developing countries, in order to create a more equitable world.
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