Economy
Definition
Example
"The global economy is shrinking quickly because there is not enough good education."
"A strong economy often provides people with more jobs, higher salaries, and better living conditions."
"She showed great economy by spending less and saving more for her family’s needs."
Explanation
The economy is the system of how money, goods, and services move in a country. It includes how people earn, spend, and save money, how businesses work, and how governments manage resources. A “strong economy” means more jobs, better incomes, and often better education, because educated people create new businesses, better jobs, and smarter decisions for growth, while a “weak economy” means less money and fewer opportunities. The word can also mean saving money and not wasting resources, such as “She practiced economy by reusing old bags”.