An economy is a zone of the production, appropriation, or exchange, and utilization of merchandise and enterprises by various operators. Comprehended in its broadest sense, 'The economy is characterized as a social area that underlines the practices, talks, and material articulations related with the production, utilize, and administration of assets'. Monetary specialists can be people, organizations, associations, or governments.
Good or bad, i think the economic situation of a country depends on what side you are on in the society. For politicians, they will brag that the economy is strong and doing good but for ordinary people like us, is something else. Prices of every commodities are soaring high, from crude oils to electricity down to smallest commodity. Basic salaries are not enough to make ends meet, thus for us ordinary people, we are in an economic crisis.