Want to say economic management systems differently? Here are other words for economic management systems and its similar synonyms and opposite words to say in unique way.
Meaning of economic management systems
The primary meaning of "economic management systems" refers to the processes, procedures, and technologies used to manage and regulate economic activities, resources, and institutions.
Etymology of economic management systems
The term "economic management systems" is derived from the combination of "economic" (from Greek οἰκονόμος, oikonomos, meaning "household manager") and "management" (from Old French management, meaning "control" or "direction").
The concept of economic management has its roots in ancient civilizations, where rulers and administrators managed economic resources and activities to achieve social and political objectives.
The modern concept of economic management systems emerged in the 20th century, with the development of new technologies, economic theories, and management practices.
Synonyms
Definitions
- A system of policies, procedures, and technologies used to manage and regulate economic activities, resources, and institutions.
- * The application of management principles and techniques to achieve economic objectives, such as stability, growth, and development.
- * A framework for making decisions about the allocation of resources, the distribution of goods and services, and the management of economic risks.
Usage Examples
- The government implemented a new economic management system to stabilize the currency and reduce inflation.
- * The company's economic management system helped it to optimize its supply chain and reduce costs.
- * The economist argued that a well-designed economic management system is essential for achieving sustainable economic growth and development.