🇩🇪German Source WordCode: DE

Wirtschaftsprinzip

Pronunciation / Transliteration: ˈvɪrtsʃaftspʁɪnˌt͡siːp

🇬🇧 Direct English Meaning:
Economic Principle/ˌiː.kəˈnɒ.mɪk ˈprɪn.sə.pəl/
nounCEFR B2 (Upper)Top #1500 frequency
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🇩🇪 Example Sentence in German:

"Das Wirtschaftsprinzip von Angebot und Nachfrage ist entscheidend."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A fundamental theory or proposition that serves as the foundation for economic reasoning and analysis.

    "The law of supply and demand is a key economic principle that explains how prices are determined in a market."
  2. 2

    A rule or guideline that influences economic behavior and decision-making.

    "Understanding the economic principle of opportunity cost helps individuals make better financial choices."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'economic' originates from the Greek word 'oikonomikos', meaning 'pertaining to household management', while 'principle' comes from the Latin 'principium', meaning 'beginning' or 'foundation'. The combination reflects foundational concepts in economics that govern behavior and decision-making.

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