Definition, Meaning & Synonyms

economic prosperity

phrase

/ˌiː.kəˈnɒm.ɪk prɒsˈpɛr.ɪ.ti/

Definition

Economic prosperity refers to a state where individuals and communities experience financial well-being and growth, fueled by stable income levels, effective resource allocation, and overall economic health.

Examples

The government’s policies are aimed at fostering economic prosperity through job creation.
Education plays a crucial role in ensuring long-term economic prosperity for future generations.
Investments in infrastructure contribute to the economic prosperity of a region.

Meaning

It signifies the economic success and stability of a country, characterized by high employment rates, increased production, and enhancement of quality of life.