economic theory

Definitions of economic theory

n (economics) a theory of commercial activities (such as the production and consumption of goods)

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the theory that an increasing consumption of goods is economically beneficial
the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
an economic theory advocating free competition and a self-regulating market
Malthusian theory, Malthusianism
Malthus' theory that population increase would outpace increases in the means of subsistence
an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
Type of:
a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena

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