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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.
the legal system of a country
financial structure of a country
how a nation's money and trade are organized
system of wealth in 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.
growth of its industries
how many new businesses open each year
how many products it imports and exports
how happy the people are
Choose 3 examples of things that are directly related to a country's economy.
The examples below illustrate the meaning of economy.
its products and exports.
the cultural backgrounds of people who live in the country.
the national income and wealth.
its ability to distribute goods via roads and railways.
Which answers below best complete this sentence? Choose the 3 correct answers.
A country's economy includes...