An Economy is system within a geographical area that produces, distributes and consumes good or services. A market is where the trading of the goods or services happen between the sellers and buyers. An economy is usually a country and it’s government manages and monitors the economy. An Economy is measured by Gross Domestic Product (GDP) which is defined as the total value of the finished goods and services over a year within the county
Industries are the backbone of an economy. The growth of the industries boosts the economy of a country.