Economy
Definition 1 of 4
Pro Tip 1/3
National Context
Use 'economy' when discussing a country's financial health and practices. The new policy aims to strengthen the national economy.
Pro Tip 2/3
Beyond Money
'Economy' also involves resources like labor and materials, not just money. The economy benefits from advancements in technology.
Pro Tip 3/3
Growth or Decline
Economy can grow or decline, reflecting a country's success or struggle. The recent recession hit the global economy hard.