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One characteristic of Europe that positively affects its economy is the presence of a well-developed infrastructure. Infrastructure includes roads, bridges, ports, airports, telecommunications, and energy systems.

What is economy?

Economy is an organized system of production, consumption, exchange and distribution of goods, services, and resources within a society. It is the basis of the functioning of society and the interactions between individuals, businesses, and governments. It is a complex interlocking system that influences and is influenced by the decisions, actions, and behavior of individuals. An economy is composed of four main sectors: the primary sector, which produces raw materials; the secondary sector, which manufactures goods; the tertiary sector, which provides services; and the quaternary sector, which consists of knowledge-based activities such as research and development. The main economic indicators used to measure the performance of an economy are GDP, unemployment, inflation, consumer spending, and investment. The economy is constantly evolving, with new technologies and trends emerging to shape the way it works.

This infrastructure provides a reliable and efficient way for goods and services to be transported and traded within and between countries in Europe, making it easier for businesses to conduct their operations. In turn, this helps to create jobs, generate income, and stimulate economic growth.

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