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economy

/ɪˈkɒnəmi/
CEFR B1IELTS 5.5+nounDifficulty 2/5
Definition

The system of money, business, and trade in a country.

In simple English

A country's money and business system.

See it in a sentence

Tourism plays an important role in the economy.

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Teacher tip

Core word for IELTS/PTE essays.

Common mistake

Don’t confuse economy with economics or economical.

Word family

economic adjective

Economic growth slowed.

Related words

economic

word family

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