Okay kiddo, so you know how cars need gas to run, right? But sometimes people can't afford or don't want to use gas because it can be expensive and not great for the environment.
That's where ethanol comes in. Ethanol is a type of fuel that can be made from things like corn, sugarcane, and even potatoes. So instead of using gas, you can put ethanol in your car's gas tank and it will make your car go!
Now, some countries are starting to use more ethanol because they want to rely less on gas and be more environmentally friendly. They call it an "ethanol economy". This means that lots of people are making ethanol and using it instead of gas for things like cars, trucks, and even airplanes.
It's like a big circle - farmers grow crops like corn or sugarcane, which can be turned into ethanol. Then, companies make the ethanol and sell it to people who need fuel for their vehicles. And because ethanol comes from plants, it's considered a renewable resource, which means we can keep making more of it without running out.
Overall, the ethanol economy is a way for people to use a different kind of fuel that's better for the environment and can help us be more self-sufficient.