The word "economy" means the production and use of money and goods.
Money is important to meet basic needs
and can help make people's lives better.
The economy has an impact on the way
someone lives. For example, if a family
has money, they'll have enough food to
eat. They'll be able to travel and pay for a
great education. If a family is poor,
they might not have enough food. The
kids might have to work instead of going
to school.
World events can have a big impact on
the economy. People are always trying
to predict how changes in the economy
will affect our lives. Will the economy
be better in the future? Will it be worse?
There are many possibilities. Economists
like Ida Auken can help us answer some
of these questions