economic process

Other forms: economic processes

Definitions of economic process

1. noun

   any process affecting the production and development and management of material wealth
   types:

   deflation

   a contraction of economic activity resulting in a decline of prices

   demand

   the ability and desire to purchase goods and services

   disinflation

   a reduction of prices intended to improve the balance of payments

   economic growth

   steady growth in the productive capacity of the economy (and so a growth of national income)

   globalisation, globalism, globalization

   growth to a global or worldwide scale

   inflation, rising prices

   a general and progressive increase in prices

   market forces

   the interaction of supply and demand that shapes a market economy

   spiral

   a continuously accelerating change in the economy

   supply

   offering goods and services for sale

   consumption, economic consumption, usance, use, use of goods and services

   (economics) the utilization of economic goods to satisfy needs or in manufacturing

   cost-pull inflation

   inflation caused by an increase in the costs of production

   demand-pull inflation

   inflation caused by an increase in demand or in the supply of money

   inflationary spiral

   an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value

   deflationary spiral

   an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value

   reflation

   inflation of currency after a period of deflation; restore the system to a previous state

   stagflation

   a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)

   type of:

   physical process, process

   a sustained phenomenon or one marked by gradual changes through a series of states