economic process

Noun
  1. Any process affecting the production and development and management of material wealth (synset 113492409)
    is a type of: physical process, process - a sustained phenomenon or one marked by gradual changes through a series of states
    subtypes:
    • 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

Found on Word Lists

Other Searches