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.
Economic scienceEconomics imperialismEconomics, definition ofInstitutional designMarshall, AsMill, J. SOperations researchPolitical economyRational choiceEconomics is difficult to define unambiguously, many definitions having been proposed as the subject has evolved. Definitions are ex postconstructions, even ...
choice Dictionary Thesaurus Medical Legal Acronyms Idioms Encyclopedia Wikipedia the necessity forCENTRALLY PLANNED ECONOMIESandPRIVATE ENTERPRISE ECONOMIESto have to choose which goods and services to produce and in what quantities, arising from the relativeSCARCITYof economic resources (FACTORS OF PRODUCTION...
Advanced search tools All ad-free Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers. Start Your Free Trial Now Dictionary Entries Near economic science economics economic science economise See More Nearby Entries Cite this Entry Style “Economic science....
Chapter 1 The "Correct" Definition of "the Impact of a Choice on Economic Efficiency" Defined in the way that conforms with professional and popular understanding and creates a concept that is most useful, the impact of a choice on economic efficiency equals the difference between the equivalent...
To say the least, Beard's reading of Madison as an economic determinist contradicted The Federalist's central premise that Americans were deciding the question whether good government could be established from "reflection and choice" or must forever be left to depend on "accident and force." Sell...
Twitter Google Share on Facebook Thesaurus Legal Financial Encyclopedia Wikipedia fi·nance (fə-năns′, fī-, fī′năns′) n. 1.The management of money, banking, investments, and credit. 2.financesMonetary resources:could not make the purchase because of limited finances. ...
The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.
use (for the good or the money) it is obvious from their choice to purchase the good, that they must place a higher economic value on the good than on that amount of money. Thus, the price that a person pays for a good provides one way to quantify the economic value of that good....
The U.S. economic system of free enterprise has five main principles: the freedom for individuals to choose businesses, the right to private property, profits as an incentive, competition, and consumer sovereignty. Economic Choice:In a free enterprise, consumers can choose the entities with whom ...