Economic
Example: The economic changes after the war affected many countries.
Definition
"Economic" relates to the production, distribution, and consumption of goods and services, especially concerning the management of resources and finances within a country or region. For example, "economic" changes after the war affected many countries by altering their financial stability and trade.
Etymology
The word "economic" originates from the Greek word 'oikonomikos,' meaning 'household management.' It combines 'oikos' (house) and 'nomos' (law or custom). Over time, its use expanded from managing a household to broader financial and resource management. Did you know that the term initially focused on running a household before being applied to national and global finances?
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"Economic" appears in the Vocaplus list "English - History - (B1) - set 1", containing 204 commonly used words.
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