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Economist for Dummies

noun

pronunciation: ɪ'kɑnəmɪst

What does Economist really mean?

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Ok, so let's talk about what an economist is. An economist is a person who studies the way money, resources, and goods move around in our world. They try to figure out how different things happening in the world affect those movements, like how a new law might change the prices of certain things or how a natural disaster might affect the economy of a country.

Economists are kind of like detectives, always trying to solve puzzles about money and resources. They use math and data to try to understand how people and businesses make decisions about spending and saving their money. They also think about big-picture things, like how the whole world's economy works and how different countries are connected through trade and borrowing money from each other.

So, you could say that an economist is like an explorer, searching for the hidden secrets of the economy and trying to understand how everything is connected. They help us understand why prices go up and down, why some countries are rich while others are poor, and lots of other important things about money and resources.

In a different way, an economist can also be someone who writes about and shares their ideas about the economy with other people. They might write articles or books, give speeches, or be on TV or the radio to talk about what they've learned and their opinions about the economy. So, they're kind of like storytellers, sharing the story of how the economy is working and what it might mean for all of us. They may also work for companies, governments, or other organizations to help them make decisions based on the things they've learned about the economy.

So, that's an economist in a nutshell—someone who studies how money and resources move around, tries to solve puzzles about the economy like a detective, and shares the story of what they've learned with others in different ways. And I hope that helps make sense of it for you!

Revised and Fact checked by Linda Miller on 2023-11-15 04:52:49

Economist In a sentece

Learn how to use Economist inside a sentece

  • An economist studies how people earn money, spend money, and make decisions about money.
  • The economist predicted that if the government raised taxes, people would spend less money on goods and services.
  • The economist analyzed the data and concluded that the country's unemployment rate was decreasing.
  • The economist recommended that the company invest in new technology to increase productivity and reduce costs.
  • The economist explained that inflation occurs when the prices of goods and services go up, causing people to spend more money.

Economist Synonyms

Words that can be interchanged for the original word in the same context.

economic expert economic expert

Economist Hypernyms

Words that are more generic than the original word.

social scientist social scientist

Economist Hyponyms

Words that are more specific than the original word.

econometrician econometrician econometrist econometrist macroeconomic expert macroeconomic expert macroeconomist macroeconomist microeconomic expert microeconomic expert microeconomist microeconomist monetarist monetarist

Economist Has Instances

Words that are examples of the original word.

adam smith adam smith anne robert jacques turgot anne robert jacques turgot arthur laffer arthur laffer barbara ward barbara ward baroness jackson of lodsworth baroness jackson of lodsworth beveridge beveridge david ricardo david ricardo first baron beveridge first baron beveridge first baron passfield first baron passfield friedman friedman friedrich august von hayek friedrich august von hayek frisch frisch galbraith galbraith gunnar myrdal gunnar myrdal hayek hayek helen laura sumner woodbury helen laura sumner woodbury herb simon herb simon herbert a. simon herbert a. simon herbert alexander simon herbert alexander simon james edward meade james edward meade james tobin james tobin jan tinbergen jan tinbergen jean monnet jean monnet jevons jevons john galbraith john galbraith john kenneth galbraith john kenneth galbraith john maynard keynes john maynard keynes john mill john mill john stuart mill john stuart mill joseph alois schumpeter joseph alois schumpeter joseph schumpeter joseph schumpeter karl gunnar myrdal karl gunnar myrdal karl marx karl marx keynes keynes koopmans koopmans kuznets kuznets laffer laffer leacock leacock leontief leontief malthus malthus marx marx meade meade mill mill milton friedman milton friedman monnet monnet myrdal myrdal pareto pareto ragnar anton kittil frisch ragnar anton kittil frisch ragnar frisch ragnar frisch ricardo ricardo richard henry tawney richard henry tawney schumpeter schumpeter sidney james webb sidney james webb sidney webb sidney webb simon simon simon kuznets simon kuznets smith smith stephen butler leacock stephen butler leacock stephen leacock stephen leacock tawney tawney thomas malthus thomas malthus thomas robert malthus thomas robert malthus thorstein bunde veblen thorstein bunde veblen thorstein veblen thorstein veblen tinbergen tinbergen tjalling charles koopmans tjalling charles koopmans tjalling koopmans tjalling koopmans tobin tobin turgot turgot veblen veblen vilfredo pareto vilfredo pareto ward ward wassily leontief wassily leontief webb webb william henry beveridge william henry beveridge william stanley jevons william stanley jevons woodbury woodbury

Economist Member Of

A group to which the original word belongs.

economics profession economics profession