Economic Theory (Noun)
Meaning
(economics) a theory of commercial activities (such as the production and consumption of goods).
Classification
Nouns denoting cognitive processes and contents.
Examples
- The professor spent years developing her own economic theory that challenged traditional views on supply and demand.
- His groundbreaking work in economic theory earned him the Nobel Prize in Economics.
- The textbook provided a comprehensive overview of various economic theories, from classical to Keynesian.
- The new economic theory proposed by the think tank suggested that government intervention was necessary to stabilize the market.
- The economist's economic theory focused on the role of human behavior in shaping market trends and consumer spending.