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Economy
01
the system in which money, goods, and services are produced or distributed within a country or region
02
an act of economizing; reduction in cost
03
frugality in the expenditure of money or resources
04
the efficient use of resources
economy
01
efficient or thrifty in its use of resources, often emphasizing cost savings or reduced waste
Example
The country's economy grew rapidly due to investments in technology and infrastructure.
A diversified economy is less susceptible to economic downturns in specific industries.
The global pandemic caused significant disruptions to the economy, affecting businesses and employment worldwide.
High inflation rates can negatively impact an economy by reducing purchasing power and increasing costs.
Government policies play a crucial role in shaping the direction and stability of the economy.
