经济

Definition of “Economy”: Economy refers to the various activities and relationships involved in the production, distribution, exchange and consumption of goods and services in a society or country. Economics is the study of these activities and relationships, aiming to understand the allocation of resources, the formation of prices, and the functioning of markets.
The definition of economy can be understood from the following aspects:

Production: Refers to the process of creating goods and services that involves the use of resources such as land, labor, and capital.
Distribution: Refers to how produced goods and services are distributed to different members of society.
Exchange: Refers to the transaction process between goods and services, usually through the market.
Consumption: refers to the process of using goods and services by end users.

For example:

In a country, agricultural production is part of the economy. The food produced by farmers will be distributed to the market, and consumers will buy this food to meet their own needs.
In the context of globalization, international trade has also become an important part of the economy, and the exchange of goods and services between countries promotes economic development.

The origins of the word economy can be traced back to the ancient Greek word "oikonomia," meaning "household management," and over time the concept gradually expanded to the management of resources throughout society.

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