economic theory Synonyms

No Synonyms and anytonyms found

economic theory Meaning

Wordnet

economic theory (n)

(economics) a theory of commercial activities (such as the production and consumption of goods)

economic theory Sentence Examples

  1. Economic theory is a toolkit that helps economists understand and analyze the behavior of individuals, firms, and markets.
  2. Economic theory provides a framework for thinking about how decisions are made in the face of scarcity.
  3. The core economic theory is based on the idea that people are rational and self-interested actors.
  4. Economic theory is a powerful tool for understanding how the economy works, but it is important to remember that it is only a model.
  5. No economic theory is perfect, and they are all subject to change as new evidence is gathered.
  6. The dominant economic theory in the United States is neoclassical economics, which is based on the belief that markets are efficient and that government intervention should be limited.
  7. Other economic theories include Keynesian economics, which emphasizes the role of government in stabilizing the economy, and Marxist economics, which argues that capitalism is an exploitative system.
  8. Economic theory is used by economists to make predictions about the economy and to advise policymakers.
  9. Some economic theories have been more successful than others in predicting economic events.
  10. Economic theory is a complex and challenging field, but it is also a fascinating one that can help us understand the world around us.

FAQs About the word economic theory

(economics) a theory of commercial activities (such as the production and consumption of goods)

No synonyms found.

No antonyms found.

Economic theory is a toolkit that helps economists understand and analyze the behavior of individuals, firms, and markets.

Economic theory provides a framework for thinking about how decisions are made in the face of scarcity.

The core economic theory is based on the idea that people are rational and self-interested actors.

Economic theory is a powerful tool for understanding how the economy works, but it is important to remember that it is only a model.