Definition, Meaning & Synonyms

economic structure

Noun

/ˌiːkəˈnɒmɪk ˈstrʌktʃər/

Definition

The organization of the economy, encompassing the various sectors, industries, and institutions that contribute to the economic activities of a region or country.

Examples

The economic structure of the country has shifted from industrial to service-oriented.
Analyzing the economic structure can help policymakers identify areas for growth.
Changes in the economic structure often lead to shifts in employment opportunities.

Meaning

Economic structure refers to the way in which an economy is arranged, including the distribution of resources, labor, and production across different sectors such as agriculture, manufacturing, and services.