Economy (noun)

  1. The management of resources within an organization or society.
  2. The system by which goods and services are produced, sold, and bought within a country or region.
  3. The wealth and resources of a country or region, including the production, distribution, and consumption of goods and services.
  4. The relationship between production, consumption, and the distribution of wealth in a society.
  5. The study of how people use resources to produce goods and services and how those goods and services are distributed and consumed.

Origin:

The word economy comes from the greek word "oikonomia" which means management of a household or administration of resources. this word was used to refer to the management of resources within an organization or society.

Examples:

  1. The economy is growing.
  2. She studies the economy.
  3. He works in the economy.
  4. They are affected by the economy.
  5. The economy is important for society.
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