Domestic economy

The domestic economy refers to all economic activities that take place within a country. It includes the production, consumption, and distribution of goods and services among households, businesses, and government entities. Key components of the domestic economy are employment, income levels, inflation, and consumer spending. A healthy domestic economy typically features steady growth, low unemployment, and stable prices, while issues like recession or inflation can negatively impact it. Essentially, it encompasses how a country manages its resources to meet the needs and wants of its citizens.