"Economy"


If you use the word "ECONOMY" as a CONCRETE noun - STOP! and try and think of EXACTLY what you denote by the term!

For most of its existence the word "ECONOMY" was an ABSTRACT noun. Like "bravery", "perseverance" or "panache"....

If you use expressions like "a fairer economy", "at the centre of the economy", "the economy was squeezed", "the economy was boosted"......STOP! and THINK of EXACTLY what you denote by the term "ECONOMY" in those expressions!...

If you think about it you may often see it means very little......

Doing this little exercise may hopefully help you in your thinking about the whole question.....

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Further homework :) could include thinking of what term one would employ to replace the term "economy" in one's own discourse....

Also very revealing!  Suggestions I came up with included "distributive/distribution system" or "profit(-making) system........