Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “economic model”

economic model

noun [C]
 
 
ECONOMICS
one particular way of organizing an economy: Going forward, the American economic model should not be abandoned, as some advocate.
a theory used for calculating the effect of something on an economy: Ernst & Young's ITEM Club, which uses the Treasury's economic model, says UK GDP will grow by 3.5% this year.
(Definition of economic model from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of economic model?
Add Cambridge dictionaries to your browser to your website

Word of the Day

piglet

a baby pig

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More