A strong economy is one in which the region or country and its people are becoming more profitable. This means they are producing and earning more money than they spend. In a strong economy, companies are being formed and expanding, so the number of jobs is growing. The goods and services the region or country produces are growing in value, so the amount that people earn increases. In a strong economy, consumers have more money to spend than they would in a weak economy. This means they are more likely to purchase goods and services. In a weak economy, consumers often spend less money. Companies in a weak economy may compete to offer goods and services at the lowest prices possible. Next, you'll learn about some ways to tell if an economy is strong or weak.

The GDP is one of the most common ways to measure a country's economy. A country's GDP, or gross domestic product, is the value of the goods and services produced in that country. When the GDP increases, the economy is growing and becoming stronger. When it decreases, the economy is shrinking and becoming weaker.
The GDP is one of the most common ways to measure a country's economy. A country's GDP, or gross domestic product, is the value of the goods and services produced in that country. When the GDP increases, the economy is growing and becoming stronger. When it decreases, the economy is shrinking and becoming weaker.
The GDP is one of the most common ways to measure a country's economy. A country's GDP, or gross domestic product, is the value of the goods and services produced in that country. When the GDP increases, the economy is growing and becoming stronger. When it decreases, the economy is shrinking and becoming weaker.