economic process

Definitions of economic process
  1. noun
    any process affecting the production and development and management of material wealth
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    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, 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
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