It is necessary to know for economists Economy - a system according to which the money, industry, and
trade of a country or region are organized. - a country’s economy is the wealth that it gets from
business and industry.
- careful spending or the use of things in order to save
money.
- large-size packages of goods which are cheaper than the
normal sized packages on sale.
Economic - concerned with economics and with the organization of
the money, industry, and of a country, region, or social group.
- relating to services, businesses, etc. that produce a profit.
