What encompasses all economic activities carried out by individuals and businesses in a country?

The economy refers to the entirety of the economic activities conducted by individuals, businesses, and the government within a specific country or region. It encompasses all transactions and interactions that involve the production, distribution, and consumption of goods and services. This broad concept includes various sectors, such as agriculture, manufacturing, and services, and illustrates how resources are allocated and utilized to meet the needs and wants of the population.

In contrast, market trends refer to the patterns and changes in consumer behavior and market conditions over time. The business cycle describes the fluctuations in economic activity, typically characterized by periods of growth and contraction. Supply and demand are fundamental economic concepts that explain how prices are determined in a market based on the availability of goods and the desire of consumers. While all these concepts are related to the economy, they each focus on specific aspects rather than encompassing all economic activities as the economy does.