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Economics is the cogitation of production, bringing, and consumption of goods, services, and wealth.
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It implies the yearly gain in the country's gdp or GNP, in percentage footing.
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What are the economic characteristics that describe the state of an economy?
Economic conditions can be considered the economic characteristics that describe the state of an economy. Here it is on the state of people’s economy who is residing around the university. The are a number of signs that suggest this economic growth is not sustainable.
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In fact, using economic terminology is a strong way to boost your standing in the eyes of the marker — if you use it correctly! Always make sure you use full sentences, proper English grammar, and try and incorporate correct economic terms where possible. GOOD: “This was a detrimental outcome for the economy.”
Last Update: Oct 2021
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