HomeVocabularyHistory & Social StudiesGrades 3–4 › Economy
History & Social Studies · Grades 3–4

Economy

noun

The system of production, distribution, and consumption of goods and services in a country.

Example Sentences

"The Industrial Revolution transformed the economy of the United States."

"During the Great Depression, the economy suffered greatly."

Synonyms & Related Terms

financial systemtrade

Quick Check

Which best describes the meaning of economy?

Study Tips

To remember economy, try writing it in a sentence of your own. Connect it to something you already know about history & social studies.

Use it in conversation today — saying a word aloud three times helps lock it into long-term memory.