"functioning of the economy" is correct and usable in written English.
You can use it to refer to the current or potential performance of a country's economic system. For example, "Experts have expressed concern about the functioning of the economy under the new policy."
Accounting is essential to the functioning of the economy and, indeed, society in general.
Structural reforms meant to improve the functioning of the economy will take years to bear fruit.
report implied, because the government has failed to adopt a program intended to improve the functioning of the economy.
As the economist Barry Naughton, of the University of California at San Diego, put it, Deng never expressed "any particular insight into the functioning of the economy".
Jackson points out that the civil courts play a vital role in maintaining social order and in the effective functioning of the economy.
Verbal description provides an overarching view of the mixture of history, law, philosophy, custom, habit, and political structure that supplies the background for the functioning of the economy.
The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide.
The Organization for Economic Cooperation and Development, which tracks and comments on the functioning of the economies of the world's richest democracies — often with caution and convolutions greater than Mr. Verheugen's — is now saying, in substance, quite the same things.
The £90bn overdraft racked up by the government last year is a function of the economy's problems, not the cause of them.
Is the strong economy helping gambling companies, too? A. Business is healthy coast to coast, and that is a function of the economy's strength.
