English Lexicon

Creative Economy

/kriˈeɪtɪv ɪˈkɒnəmi/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An economic system or sector that is based on the generation and exploitation of creative ideas and intellectual property.

    "The creative economy has become a significant contributor to the GDP in many countries."
  2. 2

    A sector of the economy that includes industries such as arts, culture, design, and media.

    "Many startups are emerging in the creative economy, focusing on innovative digital content."

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Linguistic Origin & Historical Etymology

The term 'creative economy' emerged in the late 20th century, combining 'creative', derived from Latin 'creare' meaning 'to create', and 'economy', from Greek 'oikonomia' meaning 'household management'. It reflects the shift towards valuing creativity as a key economic driver.

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