Definition, Meaning & Synonyms
domestic-economy
noun
/dəˈmɛstɪk ˌɛkəˈnɑmi/
Definition
The economic activities and financial systems that occur within a specific country, focusing on the production, consumption, and distribution of goods and services.
Examples
- The domestic economy is crucial for the nation’s stability.
- Many policies aim to enhance the growth of the domestic economy.
- Investing in local businesses strengthens the domestic economy.
Meaning
Domestic economy refers to the overall economic framework and interactions within a nation, emphasizing local markets, businesses, and consumers.
Synonyms
- Internal economy
- National economy
- Home economy
