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economic effect vs economic impact

Both 'economic effect' and 'economic impact' are correct phrases that are commonly used in English. They are interchangeable and can be used to describe the consequences of economic actions or events.

Last updated: March 31, 2024 • 480 views

economic effect

This phrase is correct and commonly used in English.

This phrase is used to describe the result or consequence of an economic action, policy, or event.

Examples:

  • The new tax law had a significant economic effect on small businesses.
  • The economic effects of the pandemic are still being felt across the globe.

Alternatives:

  • economic impact
  • economic consequence
  • economic outcome
  • economic result
  • economic aftermath

economic impact

This phrase is correct and commonly used in English.

This phrase is used to describe the effect or influence of an economic action, policy, or event.

Examples:

  • The economic impact of the trade agreement was positive for both countries.
  • The hurricane had a devastating economic impact on the region.
  • May 18, 2022 ... We're committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic ...
  • Mar 30, 2020 ... IR-2020-61, March 30, 2020 — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact ...
  • The 2022 report presents the economic impact of medical schools and teaching hospitals represented by the AAMC. According to this analysis, ...

Alternatives:

  • economic effect
  • economic consequence
  • economic outcome
  • economic result
  • economic aftermath

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