Economy

The economy refers to the overall financial health and productivity of a country.

An economy is like a giant marketplace where a community's financial life happens.

Imagine a busy market where people buy, sell, and trade goods and services, from fruits and clothes to car repair and haircuts. Everyone plays a part: some are selling (businesses), others are buying (consumers), and some are making rules (government). This market is always moving, with money flowing like people walking around, exchanging goods and services.

When the market is bustling, with lots of buying and selling, it's like a strong economy. If the market slows down, with less exchange, it's a weaker economy. The economy is the sum of all these financial interactions, shaping our daily financial lives and opportunities.