Economía (en. Economics)

/e.ko.noˈmi.a/

Meaning & Definition

EnglishSpanish

noun

Discipline that analyzes the optimization of resources to meet human needs.

The economy is fundamental to understanding how the market functions.

La economía es fundamental para entender el funcionamiento del mercado.

System of production and resource management in a country or community.

The economy of that country has grown thanks to its exports.

La economía de ese país ha crecido gracias a sus exportaciones.

Care and management of personal or family resources.

Saving at home is essential to save money.

Hacer economía en el hogar es esencial para ahorrar dinero.

From the Greek 'oikonomía', which means 'management of the household'.

economies of scale

Reduction of cost per unit as production increases.

economía de escala

circular economy

Economic model that seeks to reduce waste and reuse resources.

economía circular

underground economy

Unregistered economic activity and outside fiscal control.

economía sumergida

economic

Related to the economy or involving effective resource management.

económico

economist

Professional who studies or works in the field of economics.

economista

economization

Action of making more efficient use of resources.

economización

To be in economy

When I say I'm in economy, it means I'm trying to save.

Cuando digo que estoy en economía, significa que estoy tratando de ahorrar.

Home economics

It refers to the management of resources at home.

Se refiere a la gestión de los recursos en el hogar.