national economy
A nation's wealth
A national economy is the total system of production, distribution, and consumption within a country's borders.
It encompasses all economic activity—industries, labor markets, trade, government spending—measured by indicators like GDP and unemployment.
Economists and policymakers analyze the national economy to guide decisions on taxes, interest rates, and spending: The war took a toll on the national economy.
- central bankingState management of currency
- capitalismPrivate profit-based economy
- monetary policyCentral bank economic controls
- interest ratesPrice paid for borrowing
- protectionismShielding local producers
gross domestic product · agriculture · trade policy · trade deficit · fiscal policy · tax revenue · productivity growth · boom and bust · balance of payments · free enterprise · unemployment rate · globalization · job market · manufacturing · income inequality · cost of living · laissez-faire · trade
- planned economiescentralized planning, central planning, five-year plan, production quotas, central authority
- Domestic Economydomestic consumption, domestic manufacturing, domestic trade
national economyglobal economy
Interconnected international financial system
world economy · household budget · local economy · individual income · household economy
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