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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.
how a nation's money and trade are organized
financial structure of a country
system of wealth in a country
the legal system of a country
Which answers below are closest in meaning to economy? Choose the 3 correct answers.
Response:
how many products it imports and exports
how many new businesses open each year
growth of its industries
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.
the cultural backgrounds of people who live in the country.
its products and exports.
its ability to distribute goods via roads and railways.
the national income and wealth.
Which answers below best complete this sentence? Choose the 3 correct answers.
A country's economy includes...
Things which affect an economy are related to its system of wealth. Whether the people in a country are happy or not does not contribute to its economy.