economic process 1
noundomain: natural proc.
Princeton WordNet [ver.3.1]
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EnglishDefinition
any process affecting the production and development and management of material wealth
Hypernym
process 6
noun
a sustained phenomenon or one marked by gradual changes through a series of states
EnglishHyponym
deflation 2
noun
a contraction of economic activity resulting in a decline of prices
demand 2
noun
the ability and desire to purchase goods and services
disinflation 1
noun
a reduction of prices intended to improve the balance of payments
steady growth in the productive capacity of the economy (and so a growth of national income)
globalization 1
noun
growth to a global or worldwide scale
