Economy means the state of a country or region in terms of the production and consumption of goods and services and supply of money. Economy is the pillar of a country’s infrastructure and hence a country should have a sound economy. Economy also implies careful management of resources. A country’s strength is a sound and stable economy. The state of economy keeps on changing and is pretty variable. In this context, one is reminded of the words by Barrack Obama, “With the changing economy, no one has lifetime employment. But the community colleges provide lifetime employability.”
Economy of a nation should be managed by a group of experienced economists, who have great knowhow about the nation’s current economy status and can work towards stabilising and strengthening it. In the words of Calvin Coolidge, “Economy is the method by which we prepare today to afford the improvements of tomorrow.”
