English Lexicon

Economic Theory

/ˌiː.kəˈnɒ.mɪk ˈθɪəri/
nounCEFR C1 (Advanced)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A set of principles or ideas that explain how economies function and how economic agents interact.

    "The economic theory of supply and demand explains how prices are determined in a market."
  2. 2

    A framework for analyzing economic phenomena and predicting future economic behavior.

    "Keynesian economic theory emphasizes the role of government intervention in stabilizing the economy."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'economic' derives from the Greek 'oikonomikos', meaning 'pertaining to household management', while 'theory' comes from the Greek 'theoria', meaning 'contemplation or speculation'. The combination reflects the evolution of economics from household management to a broader study of resource allocation and decision-making in societies.

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

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🇫🇷French → English

Théorie économique

Transliteration: te-o-ree eh-ko-no-mik

"La théorie économique explique les comportements des agents économiques."

🇩🇪German → English

Ökonomische Theorie

Transliteration: ö-kö-no-mi-sche te-o-ree

"Die ökonomische Theorie untersucht, wie Märkte funktionieren."

🇮🇹Italian → English

Teoria economica

Transliteration: te-o-ree-a eh-ko-no-mi-ca

"La teoria economica analizza le interazioni tra gli agenti economici."

🇪🇸Spanish → English

Teoría económica

Transliteration: te-o-ree-a eh-ko-no-mi-ca

"La teoría económica ayuda a entender el funcionamiento de los mercados."

🇵🇹Portuguese → English

Teoria econômica

Transliteration: te-o-ree-a eh-ko-no-mi-ca

"A teoria econômica estuda as interações entre agentes econômicos."

🇮🇳Hindi → English

आर्थिक सिद्धांत

Transliteration: aarthik siddhant

"आर्थिक सिद्धांत बाजारों के कार्य करने के तरीके को समझने में मदद करता है।"

🇨🇳Chinese → English

经济理论

Transliteration: jīngjì lǐlùn

"经济理论帮助我们理解市场的运作方式。"

🇰🇷Korean → English

경제 이론

Transliteration: gyeongje iron

"경제 이론은 시장의 작동 방식을 이해하는 데 도움을 줍니다."

🇯🇵Japanese → English

経済理論

Transliteration: keizai riron

"経済理論は市場の機能を理解するのに役立ちます。"

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