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How does the economy work?
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The economy is a complex system that works by individuals and organizations buying and selling goods and services. It is driven by people making decisions about how to spend their money and the mix of goods and services they buy. These decisions impact the supply and demand of goods and services, which in turn affects the prices in the economy. Governments also play an important role by creating laws and regulations that oversee the economy and provide an environment in which it can operate. In addition, central banks are responsible for keeping inflation and economic growth rates manageable. All of these factors work together to create the economic conditions that shape our lives.