Die Wirtschaft
Example: Die Wirtschaft wächst dieses Jahr schneller als erwartet.
Definition
"Die Wirtschaft" refers to the system of production, distribution, and consumption of goods and services within a country or region. It encompasses all activities related to managing resources and wealth to meet the needs and wants of people, as seen in the phrase: 'Die Wirtschaft wächst dieses Jahr schneller als erwartet.'
Etymology
The German word "die Wirtschaft" originates from the Old High German word 'wîrtschaft,' which means household management or stewardship. It combines 'wîr,' meaning 'worthy' or 'valuable,' and 'schaft,' a suffix denoting quality or condition. Did you know that originally, "Wirtschaft" referred to running a household before expanding to mean the entire economic system?
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"Die Wirtschaft" appears in the Vocaplus list "German - General - (B1) - set 5", containing 113 commonly used words.
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