What does the economy mean?

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

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

In a simple term, an economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

Careful use of money, resources and production facilities.

The system of how money is made and used in a country or region. 

The economy of a region is linked to things such as how many goods and services are produced and how much money people can spend on these things.

Economy

Read: The Typesof Economy