Macroeconomic: meaning, definitions and examples
💰
macroeconomic
[ ˌmakrəʊɪkəˈnɒmɪk ]
economic analysis
Relating to or affecting the whole economy or a large part of it. Macroeconomic factors include inflation, unemployment, and economic growth.
Synonyms
economic, financial, monetary.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
macroeconomic |
Used in discussions related to the economy as a whole, such as national growth, inflation, employment, and overall economic policies.
|
economic |
Utilized broadly to refer to anything related to the economy or economics; can be used in both academic and everyday contexts.
|
financial |
Focuses on matters related to finance, banking, investments, and the management of money, often at the corporate or personal level.
|
monetary |
Pertains specifically to money, often in the context of national interests such as currency supply, central bank policies, and interest rates.
|
Examples of usage
- The government is implementing macroeconomic policies to stimulate economic growth.
- Macroeconomic indicators suggest a slowdown in the economy.
economics
The branch of economics that deals with the structure, behavior, and performance of an economy as a whole. It focuses on large-scale economic factors such as interest rates, GDP, and national productivity.
Synonyms
economic analysis, macroeconomy, national economy.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
macroeconomic |
Used when discussing broad economic factors at a large-scale, such as national or global economies, including topics like inflation, unemployment, and GDP.
|
economic analysis |
Refers to the detailed examination of economic conditions, often used in research, policy-making, and business strategy to understand fiscal or market trends.
|
macroeconomy |
Used to refer to the economy as a whole, focusing on aggregate phenomena such as total output, employment, and income.
|
national economy |
Specific to the economic system or financial health of a particular nation, dealing with issues like national income, national expenditure, and overall economic policies.
|
Examples of usage
- Macroeconomic theory explores how changes in the overall economy impact businesses and individuals.
- Studying macroeconomics helps policymakers understand the effects of their decisions on the economy.
Translations
Translations of the word "macroeconomic" in other languages:
🇵🇹 macroeconômico
🇮🇳 मैक्रोइकोनॉमिक
🇩🇪 makroökonomisch
🇮🇩 makroekonomi
🇺🇦 макроекономічний
🇵🇱 makroekonomiczny
🇯🇵 マクロ経済的
🇫🇷 macroéconomique
🇪🇸 macroeconómico
🇹🇷 makroekonomik
🇰🇷 거시 경제의
🇸🇦 اقتصادي كلي
🇨🇿 makroekonomický
🇸🇰 makroekonomický
🇨🇳 宏观经济
🇸🇮 makroekonomski
🇮🇸 hagkerfisfræðilegur
🇰🇿 макроэкономикалық
🇬🇪 მაკროეკონომიკური
🇦🇿 makroiqtisadi
🇲🇽 macroeconómico
Etymology
The term 'macroeconomic' was first introduced by Ragnar Frisch in the 1930s as a way to distinguish the study of aggregate economic activity from microeconomics, which focuses on individual markets and actors. Macroeconomics has since become a fundamental field in economics, essential for understanding and managing the overall performance of economies.
Word Frequency Rank
At position #12,786, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.
- ...
- 12783 vertebrae
- 12784 flatter
- 12785 knitting
- 12786 macroeconomic
- 12787 sponsoring
- 12788 stellar
- 12789 dehydration
- ...