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Economy Terms and Definitions

Financial Definition of ECONOMICS

❶Often there exists a low approval rate from professional economists regarding many public policies. That is, the higher the price of a product, the less of it people would be prepared to buy other things unchanged.

ECONOMIC Defined for English Language Learners

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Economic is an adjective. You use it to describe things connected with the organization of money and trade in a country or region.

When economic has this meaning, you only use it in front of a noun. Don't use it after a linking verb. If something is economic , it makes a profit, or does not result in money being lost.

When economic has this meaning, it can go either in front of a noun or after a linking verb. Economical is also an adjective. If something is economical , it is cheap to operate or use.

Economics - definition of economics by The Free Dictionary https: Economics functioning as singular the social science concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society.

See also macroeconomics , microeconomics. Economics functioning as plural financial aspects: See also finance ; money. Balancing the budget is a little like protecting your virtue —you just have to learn to say no —Ronald Reagan Capital is dead labor, that, vampire-like, only lives by sucking living labor —Karl Marx The Dow-Jones is floating up like a hot-air balloon —Francois Camoin Economics is like being lost in the woods.

It just follows you home and sits on your doorstep asking for more —Ronald Reagan Financial statements are like a bikini.

What they reveal is interesting; what they conceal is vital —William W. Signs of reviving inflation are as abundant as are skeptics who read each rise in inflationary barometers as an aberration —John C. Borland, New York Times , September 28, The stock market climbed like the horses of Apollo —Hortense Calisher Takeovers on a scale that would make 19th-century pirates look like croquet players —Harry A.

Paula has a degree in economics. The economics of the airline industry are dramatically affected by rising energy costs. New England's economy is still largely based on manufacturing. It might be necessary to make a few economies. The chancellor proposed radical economic reforms. We have to keep fares high enough to make it economic for the service to continue.

We bought a small, economical car. The study of the arrangements that societies make concerning the use and development of the limited resources on our planet. Switch to new thesaurus. Gresham's Law - economics the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham.

Please use the water with economy; We must make economies in household spending. See words that rhyme with economic Thesaurus: All synonyms and antonyms for economic Spanish Central: Translation of economic Nglish: Translation of economic for Spanish speakers Britannica English: Translation of economic for Arabic speakers.

What made you want to look up economic? Please tell us where you read or heard it including the quote, if possible. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Test Your Knowledge - and learn some interesting things along the way. You might've seen this one before. Paraphrasing in a cut-and-paste world. Some of our favourite British words. The story of an imaginary word that managed to sneak past our editors and enter the dictionary. How we chose 'feminism'.

How to use a word that literally drives some people nuts. The awkward case of 'his or her'. Can you spell these 10 commonly misspelled words? Explore the year a word first appeared. Definition of economic 1 a: See economic defined for English-language learners See economic defined for kids. Examples of economic in a Sentence a program to prevent inflation and economic collapse the President's chief economic adviser We're looking for a more economic way of doing business.

Recent Examples of economic from the Web The government of Ukraine has undertaken remarkable reforms to ensure economic growth, provide effective governance, facilitate human capital development, implement the rule of law and fight corruption Essentially, soft power is the ability to attract and influence via means other than hard power, which is typically defined as military might and economic incentives or sanctions.

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It gave birth to the definition of economics as the science of studying human behaviour as a relationship between ends and scarce means that have alternative uses. Austrian economic thinking was characterised by attributing all economic activity, including the behaviour of apparently impersonal institutions, to the wishes and actions of individuals.

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the branch of economics that concentrates on measures to increase output of goods and services in the long run. The basis is that marginal tax rates should be reduced to provide incentives to supply additional labor and capital, and thereby promote long term growth.

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Economics definition is - a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. How to use economics in a sentence. But the founding of modern Western economics occurred much later, generally credited to the publication of Scottish philosopher Adam Smith's book, "An Inquiry Into the Nature and Causes of the .

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Economy terms with their definitions. Learn and know the meaning of these Economy terms by their definitions here at The Economic Times. Economics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. See more.