An economy is a collection of all the goods and services produced, consumed, and distributed in a specific … See more

There are 3 main types of economies. Market or market-based economies use the ‘free market’, where businesses and people can buy and sell goods and services at prices determined by supply and demand, without inte… See more

Generally, a healthy economy is one where there are lots of well-paying jobs, businesses are thriving and the overall economy is growing. But there are some specific factors – called economic indicators – that can … See more