Inquessapedia

economy

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Economy is the system that produces, distributes, and uses goods and services. It includes workers, businesses, and consumers. Every country has its own economy.

Activities such as farming, manufacturing, and selling products are part of an economy. Economies can operate locally, nationally, or globally. Measurements such as gross domestic product (GDP) are used to describe economic activity.

Economies are part of how societies function. They connect production, trade, and consumption.

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