German word

Ökonomie

Pronunciation

IPA/økonoˈmiː/

Meaning

  • feminine nouneconomy

Example

Die Ökonomie des Landes wächst langsam.

The country's economy is growing slowly.

Illustration for Ökonomie (economy)

More examples

Die Ökonomie verdeutlicht, warum Preise in Krisen oft steigen.

The economy illustrates why prices often rise during crises.

Core concept

A household ledger balances limited resources against competing needs, while the same pattern scales to a country's production and allocation.

Common phrases

  • Mikroökonomie

    microeconomics

  • Makroökonomie

    macroeconomics

  • theoretische Ökonomie

    theoretical economics

Similar words

Wirtschaft: The economic activity and structures through which goods and services are produced and traded.
Volkswirtschaft: A country's economy viewed as a whole, including its scale and movements.

Definition in German

Ökonomie ist die Lehre und Theorie darüber, wie knappe Mittel eingesetzt werden, um Bedürfnisse zu befriedigen.

Word origin

Ökonomie comes through Latin oeconomia from Greek oikonomia, formed from oikos, 'house,' and nomos, 'rule' or 'management.'

Usage tips

  • Ökonomie is common in academic and formal contexts, while Wirtschaft is usually more natural for an economy in everyday German.

Other meanings

  • economicsnoun

Related words

  • Ökonomikeconomicsnoun
  • ökonomischeconomicadjective
  • Ökonomisierungeconomizationnoun

Word lists with this word