| ----DICTIONARY---- 01_HOME 72_C Economy ----BACK---- |
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economy [y.'kon*mi] |
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summarized: The word "economy" refers to the system or structure of production, trade, and consumption of goods and services within a region or country. It encompasses the management of resources, distribution of wealth, and overall financial activities. One example of using "economy" in a sentence could be: "The country's economy is experiencing significant growth due to increased foreign investments." Another example could be: "The government implemented several measures to boost the local economy in the past year." The term "economy" can also be used to describe efficiency or savings in various contexts. For instance, "Using energy-efficient appliances helps to promote a more sustainable economy." Additionally, the word can refer to the careful management of money or resources, like in the sentence: "During the recession, many families had to make adjustments to their personal economy." In summary, the economy refers to the system of production, trade, and consumption within a region, and it can also describe efficiency, savings, or personal financial management. |
Explain the word "economy". Give some examples of using the word "economy" in sentences.