economic process

Noun

Meaning

any process affecting the production and development and management of material wealth

Source: WordNet

Hypernyms

process physical process

Hyponyms

supply demand inflation spiral deflation economic growth

Examples

We need to augment and amend the existing body of classical and neoclassical economic theory to achieve a more realistic picture of economic process. Herbert Simon

All economic activity is carried out through time. Every individual economic process occupies a certain time, and all linkages between economic processes necessarily involve longer or shorter periods of time. Friedrich Hayek

Close letter words and terms

economic plunge economic policy economic pressure economic progress economic prosperity economic rationalism