OXFORD 9000
📚 noun • entry_id 5934

economy

/ɪˈkɒ.nə.mi/
Meanings (ES + gloss)
economía
The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
An economy open to free movement of capital can keep a fixed exchange rate, for example, only by subjugating monetary-policy goals to its defence—by raising interest rates sharply,…