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Question:
Economy means a local, national or global structure of wealth and finance, including all business and money.
Economy can also mean a country's ability to generate wealth through natural resources, business and industry.
For example:
Dubai's economy is based on the export of oil.
The country’s economy is doing very well because there is a big demand for its products.
system of wealth in a country
how a nation's money and trade are organized
financial structure of a country
the legal system of a country
Which answers below are closest in meaning to economy? Choose the 3 correct answers.
Response:
An economy is a system of money and trade. A legal system deals with the law and not with the economy.
how many products it imports and exports
how happy the people are
growth of its industries
how many new businesses open each year
Choose 3 examples of things that are directly related to a country's economy.
The examples below illustrate the meaning of economy.
the cultural backgrounds of people who live in the country.
the national income and wealth.
its ability to distribute goods via roads and railways.
its products and exports.
Which answers below best complete this sentence? Choose the 3 correct answers.
A country's economy includes...