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.
Economists and Politicians alike in my country are boasting of increase in our GDP's and our economy is doing great, so they say. Well i am no politician nor an economist. If economy is what they it is then why are prices of every commodities continue to grow? Why cant the ordinary citizen feel its growth? I guess economy's definition depends on who you are in the country that you live in.