English Lexicon

Economic Model

/ˌiː.kəˈnɒm.ɪk ˈmɒd.əl/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A theoretical construct that represents economic processes through a set of variables and logical relationships.

    "The economic model used by the researchers predicted a significant increase in unemployment rates."
  2. 2

    A simplified version of reality used to explain and predict economic phenomena.

    "By using an economic model, the analysts were able to forecast the impact of policy changes on inflation."

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Linguistic Origin & Historical Etymology

The term 'economic' derives from the Greek word 'oikonomikos', meaning 'pertaining to household management', while 'model' comes from the Latin 'modulus', meaning 'a small measure'. The combination reflects the structured representation of economic processes that has evolved since the 19th century.

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10 Global Lexicons: How "Economic Model" is said worldwide

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🇫🇷French → English

Modèle économique

Transliteration: moh-del eh-koh-no-meek

"Le modèle économique utilisé par les chercheurs a prédit une augmentation significative des taux de chômage."

🇩🇪German → English

Wirtschaftsmodell

Transliteration: veer-tschafts-mo-del

"Das Wirtschaftsmodell der Forscher sagte einen signifikanten Anstieg der Arbeitslosigkeit voraus."

🇮🇹Italian → English

Modello economico

Transliteration: mo-del-lo eh-koh-no-mi-co

"Il modello economico utilizzato dai ricercatori ha previsto un aumento significativo dei tassi di disoccupazione."

🇪🇸Spanish → English

Modelo económico

Transliteration: mo-de-lo eh-koh-no-mi-co

"El modelo económico utilizado por los investigadores predijo un aumento significativo en las tasas de desempleo."

🇵🇹Portuguese → English

Modelo econômico

Transliteration: mo-de-lo eh-koh-no-mi-co

"O modelo econômico utilizado pelos pesquisadores previu um aumento significativo nas taxas de desemprego."

🇮🇳Hindi → English

आर्थिक मॉडल

Transliteration: aarthik model

"शोधकर्ताओं द्वारा उपयोग किया गया आर्थिक मॉडल बेरोजगारी दर में महत्वपूर्ण वृद्धि की भविष्यवाणी करता है।"

🇨🇳Chinese → English

经济模型

Transliteration: jīngjì móxíng

"研究人员使用的经济模型预测失业率将显著上升。"

🇰🇷Korean → English

경제 모델

Transliteration: gyeongje model

"연구자들이 사용한 경제 모델은 실업률이 크게 증가할 것이라고 예측했습니다."

🇯🇵Japanese → English

経済モデル

Transliteration: keizai moderu

"研究者が使用した経済モデルは失業率の大幅な増加を予測しました。"

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