economy
The word 'economía' in Spanish is used very similarly to its English counterpart 'economy'. It refers to the wealth and resources of a country or region, particularly in terms of the production and consumption of goods and services. It can also refer to the careful management of available resources. Just like in English, it can be used in different contexts such as political, social and domestic scenarios.
Economics is a social science.
This phrase introduces the concept that economics is considered a social science, similar to sociology or psychology, rather than a natural or physical science. This points towards it dealing with the behavior of societies.
I am studying economics at the university.
A simple statement expressing that the speaker is currently studying economics at college/university. 'La universidad' translates directly as 'The University'.
The economy of Spain is growing.
This phrase could be used in a news or discussion context to talk about the economic situation of a country, in this case, Spain.
The global economy is interconnected.
This is a statement expressing that the economies of different countries are linked and events in one part of the world can affect others.
Economics influences politics.
This phrase is an assertion of how one social science (economics) can influence another field (politics), highlighting the interconnectedness of different societal aspects.
Inflation can damage the economy.
This phrase is introducing the economic concept of inflation, an overall increase in prices and fall in the purchasing value of money, and its potential negative effects on an economy.
Sustainable economy is important for the future.
This phrase introduces the concept of a 'sustainable economy' - one that aims to balance growth with environmental impact - and asserts its importance for the future.
China's economy is the largest in the world.
This phrase could come up in a discussion about the size and influence of different national economies, using China as an example. As of now, China has one of the largest economies in the world.
Studying economics helps to understand the world.
This sentence is expressing the idea that studying economics provides a deeper understanding of the world, likely in terms of trade, fiscal policies, market forces and how different economies interact.
Market economy is a type of economy.
This phrase is meant to introduce students to the term 'market economy', which is a specific type of economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.