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The economy plays a crucial role in determining the overall well-being of a society by influencing factors such as employment opportunities, income levels, access to goods and services, and overall standard of living. A strong and stable economy can lead to higher levels of prosperity and quality of life for individuals within a society. Conversely, a weak or unstable economy can result in unemployment, poverty, and reduced access to essential resources, impacting the well-being of the population.

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