economic condition


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Noun1.economic condition - the condition of the economy
condition, status - a state at a particular time; "a condition (or state) of disrepair"; "the current status of the arms negotiations"
recession - the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
economic crisis, slump, depression - a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
full employment - the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed
prosperity - an economic state of growth with rising profits and full employment
softness - a state of declining economic condition; "orders have recently picked up after a period of extreme softness"; "he attributes the disappointing results to softness in the economy"
shakeout - an economic condition that results in the elimination of marginally financed participants in an industry; "they glutted the market in order to cause a shakeout of their competitors"
wage setter - any economic condition or variable that serves to set wage rates
References in classic literature ?
No one interrupted him now, and he made again the confession of his faith, mastering him irresistible and complete like an act of grace: the secret of fate discovered in the material side of life; the economic condition of the world responsible for the past and shaping the future; the source of all history, of all ideas, guiding the mental development of mankind and the very impulses of their passion -
History is dominated and determined by the tool and the production - by the force of economic conditions. Capitalism has made socialism, and the laws made by the capitalism for the protection of property are responsible for anarchism.
For history is made with tools, not with ideas; and everything is changed by economic conditions - art, philosophy, love, virtue - truth itself!
"Do you know how I would call the nature of the present economic conditions? I would call it cannibalistic.
He sketched the economic condition of the cave-man and of the savage peoples of to-day, pointing out that they possessed neither tools nor machines, and possessed only a natural efficiency of one in producing power.
German Socialism forgot, in the nick of time, that the French criticism, whose silly echo it was, presupposed the existence of modern bourgeois society, with its corresponding economic conditions of existence, and the political constitution adapted thereto, the very things whose attainment was the object of the pending struggle in Germany.
The first direct attempts of the proletariat to attain its own ends, made in times of universal excitement, when feudal society was being overthrown, these attempts necessarily failed, owing to the then undeveloped state of the proletariat, as well as to the absence of the economic conditions for its emancipation, conditions that had yet to be produced, and could be produced by the impending bourgeois epoch alone.
He considered a revolution in economic conditions nonsense.
Its medieval form and setting remove it hopelessly beyond the horizon of general readers of the present time, yet it furnishes the most detailed remaining picture of the actual social and economic conditions of its age, and as a great landmark in the progress of moral and social thought it can never lose its significance.
44, Economic Condition Reporting: the Statistical Section, to help California governmental entities apply GASB No.
"Many white workers," he wrote, "whose economic condition is not too far removed from the economic condition of his black brother, will find it difficult to accept a `Negro Bill of Rights' which seeks to give special consideration to the Negro and does not take into account their [poor whites'] plight."
ISLAMABAD -- The upcoming National Assembly session, starting from Monday, may continue for more than a week to discuss mainly performance of the government and economic condition of the country.

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