B1nounmoneypolitics
US/ɪˈkɑː.nə.mi/
UK/ɪˈkɒn.ə.mi/
the system by which a country produces goods and services and uses money
In context
Vietnam's economy depends a lot on exports such as phones and clothes.
When the economy is weak, it is harder to find a job.
Tourism is an important part of the local economy.
Words that go with economy
adjective + noun
- global economyThe global economy is slowly recovering.
- strong economyA strong economy creates more jobs.
- local economyThe new factory will help the local economy.
verb + noun
- boost the economyThe government cut taxes to boost the economy.
noun + noun
- economy classWe flew economy class to save money.
Common mistakes
Incorrect:
I study economy at university.Correct: I study economics at university.