ELI5: Explain Like I'm 5

Economy of Iran

Imagine a big toy store with lots of toys for sale. Now, let's pretend that Iran is like a big store where things are sold and money is exchanged. This is called an economy.

Iran's economy is based on selling things like oil, gas, and other natural resources to other countries around the world. Just like how the toy store makes money by selling toys to customers.

Iran also has other industries like manufacturing, agriculture, and services. These industries create products and services that people need and want to buy, just like how some toys are more popular than others.

However, Iran's economy has some challenges. The country has faced international trade sanctions, which means that other countries have stopped buying their goods and services. This can make it difficult for Iran to make money and provide for its people.

Additionally, Iran's government controls many aspects of its economy, which can limit the ability of businesses to grow and thrive. This is like the toy store owner taking away all the toys that don't make enough money, which can make it harder for the store to make a profit.

Overall, the economy of Iran is like a big store that sells things to make money, but it faces some challenges that impact its ability to grow and be successful.