Korean word

경제력

Pronunciation

Romanizationkyeongjeryeok

Meaning

  • nouneconomic power

Example

가게를 열려면 경제력이 필요하다.ka ge reul yeol lyeo myeon kyeong je ryeo gi pi ryo ha da

You need enough financial resources to open a store.

Illustration for 경제력 (economic power)

More examples

그는 경제력을 바탕으로 사업을 확장했다.keu neun kyeong je ryeo geul pa tang eu ro sa eo beul hwak jjang haet tta

He expanded his business using his financial resources.

Core concept

The money-management capacity needed to support daily life or sustain a business.

Common phrases

  • 경제력이 있다kyeong je ryeo gi it tta

    have financial resources

  • 경제력을 갖추다kyeong je ryeo geul kat chu da

    possess financial resources

  • 경제력을 바탕으로kyeong je ryeo geul pa tang eu ro

    based on financial resources

Similar words

소득sodeuk: Money received from work, business, or investments over a set period.
구매력kumaeryeok: Ability to pay for goods and services with available money.
자산chasan: Owned wealth such as cash, property, stocks, or other valuable holdings.

Definition in Korean

사람·가정·기업이 생활하거나 사업을 지속하기 위해 필요한 돈을 마련하고 지출을 감당할 수 있는 능력.sa ram ka jeong ki eo bi saeng hwal ha geo na sa eo beul chi so ka gi wi hae pi ryo han to neul ma ryeon ha go chi chu reul kam dang hal ssu in neun neung nyeok

Word origin

This Sino-Korean compound combines the idea of economy with the idea of power or ability, giving the sense of financial strength.

Usage tips

  • English learners may associate economic power with national influence, but Korean commonly applies the idea to individuals and businesses as well.

Other meanings

  • funding capacitynoun
  • financial leewaynoun

Opposites

  • 빈곤pingonpovertynoun
  • 저소득cheosodeuklow incomenoun

Related words

  • 경제적kyeongjejeokeconomicadjective
  • 경제적으로kyeongjejeogeuroeconomicallyadverb
  • 경제권kyeongjegwoneconomic zonenoun

Word lists with this word