Define economic. economic synonyms, economic pronunciation, economic translation, English dictionary definition of economic. adj. 1. a. Of or relating to the production, development, and management of material wealth, as of a country, household, or busin
Definition of economic as in profitableyielding a profit unfortunately, raising employees' salaries would not be economic—the business would have to fold Synonyms & Similar Words Relevance profitable lucrative worthwhile remunerative beneficial gainful moneymaking paying money-spinning juicy...
Definition: “At a minimum, local economic development planning continues to be important because it offers a strategy for improving the necessary interaction between business and government, for perfecting the markets through better communication, and for effectively competing for economic resources in a...
Define economic theory. economic theory synonyms, economic theory pronunciation, economic theory translation, English dictionary definition of economic theory. Noun 1. economic theory - a theory of commercial activities theory - a well-substantiated expl
Globalization in Business | Definition, Effects & Impact The Winners & Losers of Globalization Globalization Theories: Emergence, Growth & Business The World is Flat by Thomas Friedman | Quotes & Analysis Practical Application: Examples of the Effects of Globalization Globalization | Definition, Effects...
How to Identify an Economic Moat in Stocks What is an Real-Life Example of an Economic Moat? What is Economic Moat? An Economic Moat is the competitive advantage belonging to a particular business that protects its profit margins from competitors in the market and other external threats. How ...
“real” terms. If money wages are initially inflexible, however, business firms cannot be induced to lower prices by 10 percent and maintain output. In this example they maintain prices in the neighbourhood of the initial price level—prices, then, are also “inflexible”—and deal with the ...
The economic cycle, also known as the business cycle, refers to the recurring pattern of economic growth, contraction, and recovery. This cyclical pattern is typically moves through four main phases that we'll talk about in a moment. Note that "economic recovery" isn't one of the four phase...
An economic cycle, or business cycle, has four stages: expansion, peak, contraction, and trough. The average economic cycle in the U.S. has lasted roughly five and a half years since 1950, although these cycles can vary in length.4Factors to indicate the stages include gross domestic produc...
Leading indicators, such as the yield curve, consumer durables, net business formations, and share prices, are used to predict the future movements of an economy. The numbers or data on these financial guideposts will move or change before the economy, thus their category's name. Consideration...