____ is the system by which goods and services are produced, distributed, and consumed in a geographic area. Economics is the study of how individuals allocate resources to satisfy their needs. When an economy ____ a boom, businesses expand, people find jobs, and living standards improve. In ____, businesses struggle, ____ rises, and people have trouble ____. Governments try to stimulate the economy during a recession by investing in infrastructure or by cutting ____. ____ makes it cheaper for businesses to borrow money and create more jobs. Sometimes businesses still struggle to ____ debts and may ____. This can lead to unemployment and ____ economic growth. Workers may demand better working conditions and higher wages through ____. Despite challenges, there are opportunities for entrepreneurs to ____ new businesses and take on employees. It's important to invest wisely and plan for the future to ____ around difficult situations. In conclusion, understanding economic factors that contribute to growth and stability is important. By ____ wisely, taking ____, and adapting to changing circumstances, we can all contribute to a thriving economy.

Economy and economics

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