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- Dictionaryeconomic/ˌiːkəˈnɒmɪk/
adjective
- 1. relating to economics or the economy: "the government's economic policy"
- 2. justified in terms of profitability: "many organizations must become larger if they are to remain economic" Similar Opposite
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Learn the meaning of economic as an adjective in English, with synonyms, grammar, and usage examples. Find out how economic relates to trade, industry, money, profit, and natural resources.
- Znaczenie Economic, Definicja W Cambridge English Dictionary
ECONOMIC definicja: 1. relating to trade, industry, or...
- Economic: Japanese Translation
ECONOMIC translate: 経済の, 経済（けいざい）の, 採算（さいさん）のとれる. Learn more...
- Economic: Catalan Translation
economic - definition, audio pronunciation and more for...
- Znaczenie Economic, Definicja W Cambridge English Dictionary
Learn the meaning of economic as an adjective related to the production, distribution, and consumption of goods and services, or to the science of economics. See synonyms, examples, word history, and related phrases of economic.
Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
- What Is Economics?
- Understanding Economics
- Microeconomics
- Macroeconomics
- What Is The Role of An Economist?
- What Are Economic Indicators?
- Economic Systems
- Schools of Economic Theory
- The Bottom Line
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Economics is a social science that focuses on the production, distribution, and consumption of goods and services. The study of economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economics has ramifications on a wide range of other fields, including ...
Assuming humans have unlimited wants within a world of limited means, economists analyze how resources are allocated for production, distribution, and consumption. The study of microeconomics focuses on the choices of individuals and businesses, and macroeconomicsconcentrates on the behavior of the economy on an aggregate level. One of the earliest...
Microeconomics studies how individual consumers and firms make decisions to allocate resources. Whether a single person, a household, or a business, economists may analyze how these entities respond to changes in price and why they demand what they do at particular price levels. Microeconomics analyzes how and why goods are valued differently, how ...
Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. Its primary focus is recurrent economic cyclesand broad economic growth and development. It focuses on foreign trade, government fiscal and monetary policy, unemployment rates, the level of inflation, interest rates, the growth of total pro...
An economiststudies the relationship between a society's resources and its production or output, and their opinions help shape economic policies related to interest rates, tax laws, employment programs, international trade agreements, and corporate strategies. Economists analyze economic indicators such as gross domestic product and the consumer pr...
Economic indicators detail a country's economic performance. Published periodically by governmental agencies or private organizations, economic indicators often have a considerable effect on stocks, employment, and international markets. They may predict future economic conditions that will move markets and guide investment decisions.
Five economic systems illustrate historical practices used to allocate resources to meet the needs of the individual and society.
Many economic theories have evolved as societies and markets have grown and changed. However, three disciplines of economics, neoclassical, Keynesian, and Marxian, have influenced modern society. The principles of neoclassical economics are often used as a framework to illustrate the virtues of capitalism, including the tendency of market prices to...
Economics is a branch of the social sciences focused on the production, distribution, and consumption of goods and services. Microeconomics is a type of economics that is concerned with the behavior of individual people and businesses, while macroeconomics considers broader trends affecting nations and larger economies. In the U.S., a number of key...
Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the two branches of economics, microeconomics and macroeconomics, and the key indicators and systems that measure and shape the economy.
Economic definition: pertaining to the production, distribution, and use of income, wealth, and commodities.. See examples of ECONOMIC used in a sentence.
In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking. Created by Sal Khan.
Learn the meaning of economic as an adjective related to trade, industry and wealth. Find synonyms, antonyms, pronunciation and usage notes for economic.
