economic
About business, money, and how they are managed in a country or company.
Relating to trade, industry, and the management of money in a country, region, or organization.
Cheap to use or good at saving money, time, or other things.
Using resources such as money, time, or effort in an efficient way; inexpensive to operate or maintain.
- Base: economic
economic crisis
1Severe economic problems in a country
A time when a country's money system has big problems, like high unemployment and low production.
- The country went through an economic crisis in the late 1990s.
- An economic crisis can lead to political instability.
economic impact
1Effect on the economy
The way something changes how much money is made or spent in a place.
- The festival had a positive economic impact on local businesses.
- Experts are studying the economic impact of climate change.
economic policy
1Government's plan for economy management
A government's ideas and rules about how to run the country's money and business systems.
- The president announced a new economic policy focused on job creation.
- Economic policy can affect inflation rates.
economic development
1Improvement of economy and living standards
When a country gets more jobs, better businesses, and higher living standards over time.
- Economic development has reduced poverty levels in the region.
- Tourism is vital for the region's economic development.
- The government launched a plan for economic development.
- The conference focused on strategies for sustainable economic development.
economic growth
1Increase in national production and wealth
When a country makes and sells more goods and services than before, usually making people richer.
- Economic growth slowed during the recession.
- Economic growth has slowed this year due to global uncertainty.
- The government introduced reforms to boost economic growth.
- The government introduced policies to encourage economic growth.