economy

The state of a country or region in terms of the production and consumption of goods and services.

IELTS

Example

The shift to a service-based economy has transformed employment patterns in many nations.

Synonyms

financial systemmarkettrade

Found in

Related Words

abolishto formally put an end to something; to eliminate or eradicateSAT · TOEFL · IELTSabstractExisting in thought or as an idea but not having a concrete physical existenceGRE · SAT · TOEFL · IELTSabundantExisting or available in large quantities; plentiful.IELTSaccelerateTo begin to move more quickly; to increase the rate of something.SAT · IELTSaccommodateTo provide lodging or space for; to adapt to or make room for.SAT · TOEFL · IELTSaccurateFree from error; exact and correctSAT · TOEFL · IELTSachieveTo successfully bring about or reach a desired objective or result.SAT · TOEFL · IELTSactivateTo make something active or operative; to set in motion.SAT · IELTS

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