Definitions
There is 1 meaning of the phrase
Economic Theory.
Economic Theory - as a noun
(economics) a theory of commercial activities (such as the production and consumption of goods)
Hypernyms (Closely Related)
theoryHyponyms (Broadly Related)
Example Sentences
"According to economic theory, supply and demand determine the price of goods and services."
"One economic theory is that reducing taxes can boost economic growth."
"In economic theory, monopolies can lead to higher prices and reduced competition."
"According to economic theory, a decrease in interest rates can stimulate borrowing and spending."
"In economic theory, the law of diminishing returns states that as more resources are added, the marginal benefit decreases."
