Economy
(noun)
- The management of resources within an organization or society.
- The system by which goods and services are produced, sold, and bought within a country or region.
- The wealth and resources of a country or region, including the production, distribution, and consumption of goods and services.
- The relationship between production, consumption, and the distribution of wealth in a society.
- 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:
- The economy is growing.
- She studies the economy.
- He works in the economy.
- They are affected by the economy.
- The economy is important for society.