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Definitions from the Web

Economy

Definition:

An economy refers to the system of production, distribution, and consumption of goods and services within a particular region or country.

Parts of Speech:

  • Noun: The economy of a nation greatly affects its citizens' quality of life.
  • Adjective: The economic growth rate has shown a significant improvement.

Senses:

  • Sense 1: The wealth and resources of a country or region.
    • Sample Sentence: The country's economy thrived due to its abundant natural resources.
  • Sense 2: The management of resources and monetary transactions within a community or system.
    • Sample Sentence: The government implemented new policies to stabilize the economy.

Usages:

  • Popular Usage: The economy's performance greatly impacts the stock market.
    • Sample Sentence: Investors closely monitor economic indicators to make informed decisions.
  • Local Usage: The local economy heavily relies on the fishing industry.
    • Sample Sentence: The decline in fish population negatively affected the coastal town's economy.

Related Products:

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