The Economy Is To Make Something

  • The Economy Is To Make Something

    When people work, they usually create something. They build cars, machines, and houses. They sew clothes, bake bread, plant grain, or grow fruit. Many other examples can be added to these examples. All areas together in which people produce something are referred to as the economy.

    Services also belong to the economy. These are all activities where people work, but nothing is directly manufactured. This includes trade, transport, banking, insurance, administration, police, and much more. Individual areas of the economy are, for example, agriculture or the construction industry, mining, the car industry, or the food industry.

    The task of the economy

    In summary, a country’s economy must ensure that people get the goods and services they need and want.

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