noun
definition:
An economy is the system of how money is made and used within a particular country or region. A region’s economy is connected with things like how many goods and services are produced, how many new businesses are being set up, and how much money people are spending.
example:
The economy of the U.S. was terribly weak in the 1930s. Many businesses were failing. Families had little money because people lost their jobs.
See the full entry in Wordsmyth Elementary Children’s Dictionary