Economy is the system of production, distribution, and use of goods and services.
The economy refers to all of the activities related to the production, distribution, and consumption of goods and services in a certain area. It involves various entities including businesses, individuals, and governments and different economic activities such as production, employment, investments, and trade. In the context of cryptocurrencies, the economy could refer to the overall economic activity within the cryptocurrency market, including the production (mining) of cryptocurrencies, trading activities, investment in blockchain technologies, and the use of cryptocurrencies for buying goods and services.
The surge in Bitcoin prices may stimulate the economy by encouraging more mining activities and investment in cryptocurrencies.