Also found in: Thesaurus.
Switch to new 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