Economic Mobilisation (Noun)
Meaning
Mobilization of the economy.
Classification
Nouns denoting acts or actions.
Examples
- The government implemented a comprehensive plan for economic mobilisation to respond to the crisis, including stimulus packages and tax reforms.
- The country's economic mobilisation efforts during wartime enabled it to shift production to military goods and supplies quickly.
- Economic mobilisation requires a coordinated effort from all stakeholders, including government, industry, and civil society, to allocate resources effectively.
- The process of economic mobilisation involves transforming the economy to achieve specific goals, such as reducing dependence on imports or increasing exports.
- To address the pandemic's economic impact, the administration launched an economic mobilisation initiative, focusing on supporting small businesses and workers.