economic process

Thesaurus

Noun

1.

economic process - any process affecting the production and development and management of material wealth physical process, process - a sustained phenomenon or one marked by gradual changes through a series of states; "events now in process"; "the process of calcification begins later for boys than for girls" deflation - a contraction of economic activity resulting in a decline of prices demand - the ability and desire to purchase goods and services; "the automobile reduced the demand for buggywhips"; "the demand exceeded the supply" disinflation - a reduction of prices intended to improve the balance of payments economic growth - steady growth in the productive capacity of the economy (and so a growth of national income) globalisation, globalization - growth to a global or worldwide scale; "the globalization of the communication industry" inflation, rising prices - a general and progressive increase in prices; "in inflation everything gets more valuable except money" market forces - the interaction of supply and demand that shapes a market economy spiral - a continuously accelerating change in the economy supply - offering goods and services for sale