English Lexicon

Economic zone

/ˌiː.kəˈnɒm.ɪk zəʊn/
nounCEFR B2 (Upper)Top #4500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A designated region in a country that is subject to unique economic regulations that differ from other regions, typically designed to attract foreign direct investment and stimulate industrial growth.

    "The government established a new economic zone near the coast to boost manufacturing exports."
  2. 2

    In international law, an area of the ocean (such as an exclusive economic zone) over which a state has special rights regarding the exploration and use of marine resources.

    "Several naval vessels patrolled the exclusive economic zone to protect local fishing rights."

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Linguistic Origin & Historical Etymology

The term combines 'economic' derived from the ancient Greek 'oikonomikos' (pertaining to household management) via Latin and French, and 'zone' from the ancient Greek 'zōnē' meaning girdle or belt. First widely adopted in modern international geopolitics and economics during the late 20th century to describe designated regions with specialized commercial policies.

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