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economy vs economics

Both 'economy' and 'economics' are correct, but they are used in different contexts. 'Economy' refers to the system of production, distribution, and consumption of goods and services in a particular region, while 'economics' is the social science that studies the production, distribution, and consumption of goods and services. They are not interchangeable as 'economy' is a noun referring to a specific system, while 'economics' is the academic discipline.

Last updated: March 23, 2024 • 932 views

economy

The term 'economy' is correct and commonly used to refer to the system of production, distribution, and consumption of goods and services in a particular region.

Use 'economy' when referring to the system of production, distribution, and consumption of goods and services in a particular region. For example, 'The country's economy is growing.'

Examples:

  • The global economy is facing challenges.
  • She studied the economy of developing countries.
  • The economy of this region relies heavily on tourism.
  • The government is implementing policies to boost the economy.
  • Understanding the economy is crucial for making informed decisions.
  • The Belarusian economy may face serious short-term problems.
  • Illegal fishery seriously harms the local environment and economy.
  • My company has stimulated Pawnee's economy.
  • Collapsing their economy in a single blow.
  • Blow something up, boost the economy.
  • Our economy could face far worse than a recession.
  • And that stimulates our own internal economy.
  • Fair market values mean nothing in this economy.
  • Fix the economy, solve world peace.
  • The whole economy wiped out overnight.
  • Spain is the European economy with the best forecast.
  • The Berlin-centred economy, which is currently collapsing...
  • Our entire economy runs on vulnerable electronics.
  • The global economy is spiraling downwards.
  • The gradual recovery was subsequently confirmed by real economy indicators.
  • Romania's rural economy is largely dominated by subsistence and semi-subsistence agriculture.
  • Seychelles' economy relies essentially on tourism and fisheries.
  • European Union is the world's biggest economy.
  • Demographic ageing also means an opportunity for the European economy.
  • The labour market and economy will undergo major structural changes.

Alternatives:

  • economic system
  • financial system
  • market economy
  • economic conditions
  • economic structure

economics

The term 'economics' is correct and commonly used to refer to the social science that studies the production, distribution, and consumption of goods and services.

Use 'economics' when referring to the academic discipline that studies the production, distribution, and consumption of goods and services. For example, 'She is majoring in economics.'

Examples:

  • He teaches economics at the university.
  • The book provides an overview of key concepts in economics.
  • Studying economics helps understand market dynamics.
  • Economics is a complex field with various theories.
  • The government consults economists to analyze economic trends.
  • There are no quick processes in economics except decline.
  • He did one year... then switched to economics, which was good for him.
  • It's recession economics, started in New York.
  • It's a economics resources, put it that way.
  • I lectured on economics at Yale.
  • I spoke to Jagdish Bhagwati, a professor of economics at Columbia University and a leading researcher on global capitalism.
  • She's reading politics, philosophy and economics.
  • Take courses in Middle Eastern economics?
  • At Oxford, I studied mostly economics and philosophy.
  • The economics of the future are somewhat different.
  • We can deal with the economics of it later.
  • You have a PhD in economics from Wharton.
  • Hard to believe he got a first in economics.
  • It has corrupted the study of economics itself.
  • Baze, you majored in economics in college.
  • University of Chicago, school of economics.
  • W-we share the same pretty obscure specialty - predictive economics.
  • Tiny little behavioral economics detail: in Italy, penalty points go backwards.
  • More generally, I want to tell you something about behavioral economics.
  • So, I decided that I wanted to investigate the economics of terrorism.

Alternatives:

  • economic theory
  • economic analysis
  • economic studies
  • economic research
  • economic principles

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