"Economic" in a Sentence (with Audio) - Basic English Speaking (2024)

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"Economic" in a Sentence (with Audio) - Basic English Speaking? ›

Use “economic” in a sentence

Examples from Collins dictionaries

He gained a first class Honours degree in economics. He is regarded as a committed supporter of a radical free-market economics policy.

Use “economy” in a sentence

The country's economy is about to collapse. The country's economy is about to collapse. We have a strong economy. It's a rapidly growing economy.

Examples from Collins dictionaries

The pace of economic growth is picking up. The new system may be more economic but will lead to a decline in programme quality.

We're looking for a more economic way of doing business. Moore added the state instead should focus on economic growth and re-evaluating spending priorities.

Economics is concerned with the creation, consumption, and transfer of wealth. The study of economics encompasses the major areas of microeconomics, which explores how people and firms produce and consume goods and services, and macroeconomics, which explores mass economic progress and inter-country trade.

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

Economics is a social science that studies how individuals, governments and firms allocate the resources in an economy to obtain the maximum satisfaction of unlimited human wants.

Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. It focuses heavily on the four factors of production, which are land, labor, capital, and enterprise.

Hybrid cars are very economical in congested areas because energy is used more than once. It provides an economical way of conveying nuance. It is one of the greenest and most economical small cars in the country and will be on display at the show. Up to a point, big plants are usually more economical than small ones.

What is a good example of economic? ›

Examples of economic activities are stock trading, the sale of fresh produce or cars, and the delivery of a service like healthcare or education.

A more well-known example of economics is supply and demand. Let's say raspberries are in season, so there's a higher supply. A seller will decrease the price of their raspberries to help sell them before they go bad.

Examples of economic system

Our modern economic system pushes us to equate self-development with ambition. Then its prosperity will depend increasingly on the compatibility of its economic system with those of the major trading nations. We have this massive inequality in our social and economic system.

Use “economic” in a sentence

There will be an economic crisis at the end of this year. The economic growth is very slow. She majored in economics. The country is in a bad economic state.

Examples of economy in a Sentence

Noun The war altered the country's economy. An increase in tourism will help the city's economy. We must learn to practice economy.

They have received land and subsidized loans and their present-day economic situation is far from what it was. To take account of need, we made use of measures of health, age, living arrangements, and economic situation. During 1951-52, the economic situation improved steadily.

Some common examples of goods include food, clothing, cars, electronics, and furniture. The other main category of economic value is services. Services are activities that provide utility or usefulness, but unlike goods, they cannot be physically possessed or transferred.

Here are some examples of positive statements in economics: The demand for a good will increase if its price decreases. An increase in the minimum wage will lead to a decrease in employment. A decrease in interest rates will lead to an increase in investment.