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Meaning of economic structure
The primary meaning of "economic structure" refers to the organization and arrangement of a country's or region's economy, including its various sectors, industries, and institutions.
Etymology of economic structure
The term "economic structure" has its roots in the Greek words "oikos" meaning "house" and "nomos" meaning "law" or "management", which together form the word "oikonomia" or "economy".
The word "structure" comes from the Latin "structura", meaning "a building" or "an arrangement", and has been used in English since the 17th century to describe the organization or arrangement of something.
Synonyms
Definitions
- The word "economic structure" is defined by Oxford Languages as the overall organization and arrangement of a country's or region's economy, including its various sectors, industries, and institutions.
- * It encompasses the relationships between different economic agents, such as households, businesses, and government, and the ways in which they interact and influence one another.
Usage Examples
- The country's economic structure is based on a mix of state-owned and private enterprises.
- * The economic structure of the region is characterized by a strong service sector and a declining manufacturing sector.
- * Understanding the economic structure of a country is crucial for making informed investment decisions.