Economy is a word we hear often in news and exams, but what does it really mean? In simple words, the economy is how money, jobs, goods, and services work in a country. To understand it better, let’s look at some important terms.
1. Boom Economy (Good Economy)
This is the time when everything looks bright. People have jobs, businesses earn profits, and there is more money in the market. Example: When companies are hiring a lot, it shows a boom.
