Economic: meaning, definitions and examples
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economic
[ ɛkəˈnɑmɪk ]
global economy
Relating to the economy, especially as an area of study dealing with the production, distribution, and consumption of goods and services.
Synonyms
Examples of usage
- The economic impact of the pandemic has been significant worldwide.
- Economic policies are crucial in shaping the future of a country.
economic theory
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Synonyms
economics, economy, financial science
Examples of usage
- Studying economic theory helps us understand the workings of markets.
- Economic theory provides insights into how societies allocate resources.
Translations
Translations of the word "economic" in other languages:
🇵🇹 econômico
🇮🇳 आर्थिक (ārthik)
🇩🇪 wirtschaftlich
🇮🇩 ekonomi
🇺🇦 економічний
🇵🇱 ekonomiczny
🇯🇵 経済的 (keizai-teki)
🇫🇷 économique
🇪🇸 económico
🇹🇷 ekonomik
🇰🇷 경제의 (gyeongje-ui)
🇸🇦 اقتصادي (iqtisadiy)
🇨🇿 ekonomický
🇸🇰 ekonomický
🇨🇳 经济的 (jīngjì de)
🇸🇮 ekonomski
🇮🇸 efnahagslegur
🇰🇿 экономикалық (ėkonomikalyq)
🇬🇪 ეკონომიკური (ekonomikuri)
🇦🇿 iqtisadi
🇲🇽 económico
Etymology
The word 'economic' originated from the Greek word 'oikonomikos', meaning 'frugal' or 'management of a household'. It evolved to encompass the broader concept of managing resources on a larger scale, such as in businesses, nations, and global systems. The term has been used in various contexts throughout history, reflecting changing economic systems and theories.
See also: economical, economics, economizer, macroeconomy.