ELI5: Explain Like I'm 5

Economy of the Arab League

The Arab League is a group of 22 countries in the Middle East and North Africa that work together on various issues, including the economy. The economy is how people make and spend money, and it's important because it helps us buy things we need and want, like food, clothes, and toys.

Each country in the Arab League has its own economy, which is sometimes called a "market." A market is like a big store where people can buy and sell things, but instead of just one store, there are lots of different stores all over the country where people can buy and sell things. Some of the things people buy and sell include goods like cars, clothes, and electronics, and services like haircuts, doctor visits, and home repairs.

In the Arab League, some countries have bigger economies than others. For example, Saudi Arabia, the United Arab Emirates, and Egypt have big economies with lots of money and resources. Other countries, like Yemen and Somalia, have smaller economies with fewer resources.

The Arab League works together to try to make the economies of all the countries stronger and more stable. They do this by making agreements to trade with each other, which means they buy and sell goods and services with each other. They also work together to make policies and rules that help protect workers and consumers and promote growth in the economies.

Overall, the economy of the Arab League is complex and different in each country, but the countries work together to make it better for everyone.