Definition of economic process Economic process
We found 1 definitions of economic process from 1 different sources.
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What does economic process mean?
WordNet
Noun |
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| economic process - any process affecting the production and development and management of material wealth | ||
| physical process, process a sustained phenomenon or one marked by gradual changes through a series of states; "events now in process"; "the process of calcification begins later for boys than for girls" | ||
| deflation the act of letting the air out of something | ||
| demand the act of demanding; "the kidnapper's exorbitant demands for money" | ||
| 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; "the globalization of the communication industry" | ||
| rising prices, inflation the act of filling something with air | ||
| market forces the interaction of supply and demand that shapes a market economy | ||
| spiral flying downward in a helical path with a large radius | ||
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