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Words related to economic

ec·o·nom·ic
E e

  • capitalism

    Capitalism is an economic and political system in which property, business, and industry are owned by private individuals and not by the state.

  • historical materialism

    (in Marxist theory) the doctrine that all forms of social thought, as art or philosophy, and institutions, as the family or the state, develop as a superstructure founded on an economic base; that they reflect the character of economic relations and are altered or modified as a result of class struggles; that each ruling economic class produces the class that will destroy or replace it; and that dialectical necessity requires the eventual withering away of the state and the establishment of a classless society: the body of theory, in dialectical materialism, dealing with historical process and social causation.

  • common market

    A common market is an organization of countries who have agreed to trade freely with each other and make common decisions about industry and agriculture.

  • economic determinism

    the doctrine that all social, cultural, political, and intellectual forms are determined by or result from such economic factors as the quality of natural resources, productive capability, technological development, or the distribution of wealth.

  • leading indicators

    plural of leading indicator.

  • organization for economic cooperation and development

    an organization formed in 1966, succeeding the Organization for European Economic Cooperation, to promote economic growth and global trade. Abbreviation: OECD.
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