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.
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