German Conversation · Level 105
58 words
German word
Volkswirtschaft
Pronunciation
IPA/ˈfɔlksˌvɪɐ̯tʃaft/
Meaning
- feminine nounnational economy
Example
In vielen Volkswirtschaften steigt die Inflation.
Inflation is rising in many national economies.
More examples
In einer offenen Volkswirtschaft beeinflussen Wechselkurse Exporte und Importe.
In an open national economy, exchange rates influence exports and imports.
Core concept
A country's entire economic system viewed as one connected whole.
Common phrases
in der Volkswirtschaft
in the national economy
das Bruttoinlandsprodukt der Volkswirtschaft
the gross domestic product of the national economy
die Volkswirtschaft eines Landes
the national economy of a country
Similar words
Wirtschaft: The overall production, distribution, and consumption of a region, industry, or nation.
Konjunktur: Short-term economic trends and fluctuations.
Ökonomie: The study and theory of economic activity in general.
Bruttoinlandsprodukt: The monetary value of all goods and services produced domestically during a given period.
Definition in German
Bezeichnung für die gesamtstaatliche Ökonomie, betrachtet auf nationaler Ebene.
Word origin
Volkswirtschaft combines Volk, meaning "people," with Wirtschaft, meaning "economy," to form a compound for a nation's economy.
Usage tips
- Volkswirtschaft is feminine: die Volkswirtschaft, with the plural die Volkswirtschaften.
Other meanings
- domestic economynoun
Opposites
- Betriebswirtschaftbusiness economicsnoun
Related words
- volkswirtschaftlichnational economicadjective
- Volkswirtschaftspolitiknational economic policynoun
- Volkswirtschaftsordnungnational economic ordernoun