economic process
1
3.7
- noun
- /ˌiːkəˈnɑːmɪk ˈprəʊsɛs/
:
proceso económico
- Countries and regions of the world are increasingly interconnected in global-scale environmental and economic processes.
- political and economic process
- social and economic processes
- global economic processes
Examples
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The government implemented new policies to support the economic process of recovery after the recession.
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Erosion soon became an operative metaphor for the social and economic processes that were affecting Andean society (Figure 4).
Academic text (1996) -
The transition to a market system is often perceived as an economic process.
Academic text (1997) -
Their economic models work within the economic processes typical of Western economies.
Academic text (2007) -
Such an economic process raises concerns for modern economies.
Academic text (2017) -
Global economic processes proceed gradually, sector by sector and country by country.
Academic text (1999) -
Recycling waste, finding uses for what mankind currently throws away, will necessarily be an economic process requiring the dedication of capital and labor.
Academic text (1991) -
Soon other scholars wanted to know how demand shaped economic processes, and thus how demand-driven economic processes tended to shape social, political, and cultural life.
Academic text (1998) -
Kinship relations came into the economic process via the establishment of micro-industries or the sending of foreign remittances.
Academic text (2004) -
On the other hand, there are obvious differences: total payouts measure only the residual part of the economic process that accrues to owners of capital after all other claims have been paid, whereas GDP measures the economic value added by the overall economy.
Academic text (2017)
Antonyms
How Complex
- Specialized
14
6.7
1
3.7
721
3.4
- Specialized
5
3.4
236
3.8
Surface Forms
Morphology
The meaning is directly and transparently built from 'economic' (relating to the economy) + 'process' (a sequence of steps), so the noun phrase denotes a process related to economic activity. This adjectival-noun composition is straightforward and cross-linguistically common, so a B1 learner who knows both constituents would reliably infer the meaning.
Etymology
Economic process paints a simple picture: imagine a factory line or a recipe where raw materials move through steps to become goods and money flows between people. That's why economic (about money and goods) and process (a series of steps) together mean 'the steps by which an economy makes, develops, or manages material wealth'.