economic theory
A set of principles and models that explain and predict economic phenomena, such as supply and demand, inflation, and economic growth.
C1Adjective + NounNode word: economic
Meaning
A set of principles and models that explain and predict economic phenomena, such as supply and demand, inflation, and economic growth.
Example Sentences
- “The economist's research was based on a new economic theory that challenged traditional views on monetary policy.”
- “Economic theory can be used to analyze and understand economic issues, such as poverty, inequality, and environmental degradation.”
Quick Answers
What does “economic theory” mean?
A set of principles and models that explain and predict economic phenomena, such as supply and demand, inflation, and economic growth.
How do you use “economic theory” in a sentence?
“The economist's research was based on a new economic theory that challenged traditional views on monetary policy.”
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