Definition of Economic. Meaning of Economic. Synonyms of Economic
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Definition of Economic
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economic or Ricardian rentRent Rent, n. (Polit. Econ.)
(a) That portion of the produce of the earth paid to the
landlord for the use of the ``original and indestructible
powers of the soil;' the excess of the return from a
given piece of cultivated land over that from land of
equal area at the ``margin of cultivation.' Called also
economic, or Ricardian, rent. Economic rent is due
partly to differences of productivity, but chiefly to
advantages of location; it is equivalent to ordinary or
commercial rent less interest on improvements, and nearly
equivalent to ground rent.
(b) Loosely, a return or profit from a differential advantage
for production, as in case of income or earnings due to
rare natural gifts creating a natural monopoly.
Economically E`co*nom"ic*al*ly, adv.
With economy; with careful management; with prudence in
EconomicsEconomics E`co*nom"ics, n. [Gr. ?, equiv. to ? ?. See
1. The science of household affairs, or of domestic
2. Political economy; the science of the utilities or the
useful application of wealth or material resources. See
Political economy, under Political. ``In politics and
economics.' --V. Knox. OEconomicalOEconomical [OE]`co*nom"ic*al, a.
See Economical. OEconomicsOEconomics [OE]`co*nom"ics, n.
Meaning of Economic from wikipedia
words, the economic domain
is a social domain
of interrelated human practices
that does not stand
alone. Economic agents
can be individuals...
and services. Economics focuses
on the behaviour
of economic agents
and how economies
is a field which
- The Organisation
Co-operation and Development
(OECD; French: Organisation
de Coopération et de Développement Économiques, OCDE) is an intergovernmental...
is a business cycle contraction
is a general decline
activity. Recessions generally occur
is a widespread
can be an economic
of economic entities
are hospitals, companies, muni****lities, and federal
agencies. The "Economic entity
- Economic sanctions
and financial penalties applied
by one or more countries against
self-governing state, group, or individual...
nationalism, also called economic patriotism
populism, is an ideology
that favors state interventionism
over other market
- Economic stagnation
is a prolonged period
of slow economic growth
of the GDP growth), usually accompanied
by high unemployment...
- Wealth disparity
in major cities There
are wide varieties
inequality, most notably income inequality measured using
- An economic
system, or economic
order, is a system
of production, resource allocation
and services within
or a given...
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