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.
macroeconomics- the branch of economics that studies the overall working of a national economy economic science,economics,political economy- the branch of social science that deals with the production and distribution and consumption of goods and services and their management ...
economic (ˌiːkəˈnɒmɪk; ˌɛkə-) adj 1. (Economics) of or relating to an economy, economics, or finance: economic development; economic theories. 2. (Commerce) Brit capable of being produced, operated, etc, for profit; profitable: the firm is barely economic. ...
The meaning of ECONOMICS 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.
“Economics is an inquiry into the nature and causes of the wealth of nations.”— Adam Smith “Economics is the study of mankind in the ordinary business of life. It examines that part of the individual and social activities that are closely related to the attainment of material resources, ...
On the other hand, trade definition in economics refers to the deliberate or voluntary interchange of goods between two or more economic parties. Terms of trade can be said to have undergone an improvement if export prices increase in proportion to import prices. In the case that import prices...
Bases of definition of economic value of the ecological goods and servО. Б. Мезенина
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.
Peak: The expansion phase eventually peaks. Sharp demand leads the cost of goods to soar and suddenlyeconomic indicatorsstop growing. Contraction: Economic growth begins to weaken. Companies stop hiring as demand tapers off and then begin laying off staff to reduceexpenses. ...
In economics, "stickiness" refers to the tendency of goods prices to change more slowly than the supply and demand in the market for that good. This may be because sellers wish to reducemenu costsby avoiding frequent price changes, or because it is difficult to accurately determine how product...