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ECONOMIC definition: 1. relating to trade, industry, or money: 2. making a profit, or likely to make a profit: 3…. Learn more.
The meaning of ECONOMIC is of, relating to, or based on the production, distribution, and consumption of goods and services. How to use economic in a sentence.
May 18, 2024 · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.
Jun 28, 2024 · 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...
May 16, 2024 · An economy is system of production and consumption activities that determine the allocation of limited resources. Every individual within an economy contributes to it in...
Economics helps us understand individual behaviours (to an extent), and eventually understand national economies through macroeconomics. The gap between classes (assuming you mean socio-economic disparities) can be better understood through economic concepts.
Definition of economic adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Economic definition: pertaining to the production, distribution, and use of income, wealth, and commodities.. See examples of ECONOMIC used in a sentence.
ECONOMIC definition: 1. relating to trade, industry, and money: 2. making a profit, or likely to make a profit: . Learn more.
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.
