Definition of “panacea” - English Dictionary

“panacea” in American English

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panaceanoun [ C ]

us /ˌpæn·əˈsi·ə/

something that will solve all problems or cure all illnesses:

Books are not meant to be a panacea for an illness or loss.

(Definition of “panacea” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“panacea” in Business English

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panaceanoun [ C, usually singular ]

uk /ˌpænəˈsiːə/ us

something that some people believe will solve all problems:

panacea for sth Some economists say that consumer spending is the panacea for all economic ills.

(Definition of “panacea” from the Cambridge Business English Dictionary © Cambridge University Press)