Definition of «national economy»

The term "National Economy" refers to the economic activity and condition within a particular country. It includes factors such as GDP (Gross Domestic Product), employment rates, inflation, taxes, trade policies, and overall financial health of the nation. The national economy is influenced by various internal and external factors including government policies, global market conditions, natural disasters, technological advancements, and consumer behavior. A strong national economy typically leads to increased prosperity for its citizens through higher employment rates, better wages, and improved living standards.

Phrases with «national economy»

Sentences with «national economy»

  • Well - functioning industry is a great part of national economy and it helps to produce more goods and increase the purchasing power of citizens. (shinyessays.com)
  • Prior to that time, the world's economy was primarily based on national economies that traded with one another. (religion-online.org)
  • It noted important consequences of alliance development not just for air travel consumers, but for local and national economies as well, due to greatly increased air travel. (transportation.gov)
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