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
- 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.
- No economic theory is perfect, and they are all subject to change as new evidence is gathered.
- 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.
- 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.
- Economic theory is used by economists to make predictions about the economy and to advise policymakers.
- Some economic theories have been more successful than others in predicting economic events.
- 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.
