| / English Dictionary |
ECONOMIC THEORY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) a theory of commercial activities (such as the production and consumption of goods)
Classified under:
Nouns denoting cognitive processes and contents
Hypernyms ("economic theory" is a kind of...):
theory (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)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
Hyponyms (each of the following is a kind of "economic theory"):
consumerism (the theory that an increasing consumption of goods is economically beneficial)
Keynesianism (the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment)
liberalism (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)
monetarism (an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money)
rent-seeking; rent seeking ((economics) the theory that a person or firm seeks to make money by manipulating the economic environment rather than by making a profit through production or trade)
Holonyms ("economic theory" is a part of...):
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
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