economic

Meanings

• adjective

  Relating to the production, distribution, and consumption of goods and services.

  - "The economic situation in the country is improving."
  - "Economic growth is essential for a prosperous society."

• noun

  Managing or controlling resources and production.

  - "John has a degree in economics and manages the family budget."
  - "The economic department at the university focuses on research and analysis."

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Rhymes

Words rhyming with economic
symphony , dichotomy , monopoly

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Variants

List of all variants of economic that leads to same result
economic , economical , economic rent , economic rents , anti-economic , exclusive economic zone , Common Market , European Economic Community , geo-economic , geo-economics , geoeconomic , geoeconomics , socio-economic , socioeconomic , socioeconomically

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Forms

Different forms of the word (e.g., verb conjugations, plural forms, comparative/superlative forms for adjectives).

economics, economically, economist

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Etymology

origin and the way in which meanings have changed throughout history.

From Greek oikonomia, 'management of a household, household administration'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The study of economics can be traced back to ancient civilizations such as China and Greece.

2. The word 'economy' comes from the Greek word for 'household'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Microeconomics: The study of individual economic units, such as households and firms.

2. Macroeconomics: The study of the economy as a whole, including national income, employment, and price levels.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Economic concepts and theories have been explored extensively in literature, art, and music, with notable examples including Adam Smith's 'The Wealth of Nations', John Maynard Keynes' 'The General Theory of Employment, Interest and Money', and the musical 'Rent'.

How to Memorize "economic"

1. visualize
   

   - Imagine a system where resources are produced, distributed, and consumed efficiently.

2. associate
   

   - Associate the word 'economic' with the concept of managing resources and production.

3. mnemonics
   

   - Create a mnemonic like 'Economics is managing resources efficiently'.

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