Definition, Meaning & Synonyms
economic management
Noun
/ɪˈkɒn.ə.mɪk ˈmæn.ɪdʒ.mənt/
Definition
The process of planning, organizing, directing, and controlling the financial resources of an organization or economy to achieve specific objectives and ensure sustainability.
Examples
- A company’s economic management strategies ultimately determine its market success.
- The government’s economic management during the crisis helped stabilize the country.
- Effective economic management is key to preventing inflation.
Meaning
Economic management involves the strategic oversight and administration of economic resources and policies to enhance productivity and stability in an economy.
Synonyms
- Financial management
- Resource management
- Economic administration
