macroeconomics

/ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/

Meanings

noun

The study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.

Examples :

"The government uses macroeconomics to understand things like job growth, inflation, and overall economic health of the country. "

economy business

Related Words

behavior noun

[bɪˈheɪvjə] [bɪˈheɪvjɚ]

Human conduct relative to social norms.

"The child's disruptive behavior in class was a concern for the teacher. "

resources noun

/ɹɨˈzɔɹsɨz/

Something that one uses to achieve an objective, e.g. raw materials or personnel.

"The students used library resources like books and computers to complete their research project. "

understand verb

/ˌɞndəɹˈstand/ /(ˌ)ʌndəˈstænd/ /ˌʌndɚˈstænd/

To grasp a concept fully and thoroughly, especially (of words, statements, art, etc.) to be aware of the meaning of and (of people) to be aware of the intent of.

"My teacher explained the new math concept, and I understood it perfectly. "

economy noun

/iːˈkɒn.ə.mi/ /iːˈkɑn.ə.mi/

Effective management of a community or system, or especially its resources.

"The school's new economy plan focused on using resources more efficiently. "

employment noun

/ɛmˈplɔɪmənt/

The work or occupation for which one is used, and often paid

"My father's employment as a carpenter provides for our family. "

produced verb

/pɹəˈdjuːst/ /pɹəˈdust/

To yield, make or manufacture; to generate.

"The factory produced 1000 cars last week. "

government noun

/ˈɡʌvə(n)mənt/ /ˈɡʌvɚ(n)mənt/

The body with the power to make and/or enforce laws to control a country, land area, people or organization.

"The government decided to raise taxes to fund new schools. "

general noun

/ˈd͡ʒɛnɹəl/ /ˈd͡ʒɛnəɹəl/

A general fact or proposition; a generality.

"We have dealt with the generals; now let us turn to the particulars."

services noun

/ˈsɜːvɪsɪz/ /ˈsɝvɪsɪz/

An act of being of assistance to someone.

"I say I did him a service by ending our relationship – now he can freely pursue his career."

economic adjective

/ˌiːkəˈnɒmɪk/ /ˌɛkəˈnɑmɪk/

Pertaining to an economy.

"The economic situation in the city has affected many families' ability to afford groceries. "

inflation noun

/ɪnˈfleɪʃən/

An act, instance of, or state of expansion or increase in size, especially by injection of a gas.

"The inflation of the balloon took five hours."

productive adjective

/pɹəˈdʌktɪv/

Capable of producing something, especially in abundance; fertile.

"The farmer's land was very productive, yielding a large harvest of tomatoes. "