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Meaning of economic network
The primary meaning of "economic network" refers to a system of interconnected entities, such as businesses, organizations, and individuals, that engage in economic activities and exchange goods and services.
Etymology of economic network
The term "economic network" is derived from the Greek words "oikos" meaning house and "nomos" meaning law or management, and the Latin word "network" from "net" and "work", referring to a complex system of interconnected components.
The concept of economic networks has evolved over time, with early forms of trade and commerce giving rise to modern complex systems of economic relationships.
Synonyms
Definitions
- A network of economic agents and their interactions, including the production, distribution, and exchange of goods and services.
- * A system of economic relationships between individuals, businesses, and organizations that facilitate the creation and exchange of value.
Usage Examples
- The city's economic network is driven by its thriving technology sector.
- * The company's economic network includes suppliers, manufacturers, and distributors from around the world.
- * The economic network of the region is vulnerable to disruptions in global trade.