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ECONOMY

Frequently asked questions related to this word


There are 13 entries related to ECONOMY in the AudioEnglish.net dictionary.


1. What does ECONOMY mean?
pronunciation
Sense 1/4: The system of production and distribution and consumption

2. What does BLACK ECONOMY mean?
pronunciation
It's a hidden sector of the economy where private cash transactions go unreported

3. What does MIXED ECONOMY mean?
pronunciation
It's an economic system that combines private and state enterprises

4. What does TOKEN ECONOMY mean?
pronunciation
It's a form of behavior therapy that has been used in some mental institutions; patients are rewarded with tokens for appropriate behavior and the tokens may be cashed in for valued rewards

5. What does MARKET ECONOMY mean?
pronunciation
It's an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

6. What does MANAGED ECONOMY mean?
pronunciation
It's a non-market economy in which government intervention is important in allocating goods and resources and determining prices

7. What does ECONOMY OF SCALE mean?
pronunciation
The saving in cost of production that is due to mass production

8. What does COMMUNIST ECONOMY mean?
pronunciation
The managed economy of a communist state

9. What does POLITICAL ECONOMY mean?
pronunciation
The branch of social science that deals with the production and distribution and consumption of goods and services and their management

10. What does SOCIALIST ECONOMY mean?
pronunciation
It's an economic system based on state ownership of capital

11. What does CAPITALIST ECONOMY mean?
pronunciation
It's an economic system based on private ownership of capital

12. What does NON-MARKET ECONOMY mean?
pronunciation
It's an economy that is not a market economy

13. What does LAISSEZ-FAIRE ECONOMY mean?
pronunciation
It's an economy that relies chiefly on market forces to allocate goods and resources and to determine prices


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