What Makes a ‘Good’ Economy or a ‘Bad’ One?

An economy is like a big family. When everyone has enough food, money to spend, and jobs that make them happy, the family feels good. But if there’s not enough food or too many people are out of work, the family feels stressed.

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Examples

  1. A good economy means you get a raise at work and your favorite candy doesn’t cost more than before.
  2. A bad economy feels like everyone is losing their jobs, and even your lunch money becomes more expensive.
  3. If your family has enough food for the week, that’s a sign of a healthy economy.

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Categories: Economics · economy,well-being,economic indicators