🇮🇹Italian Source WordCode: IT

riforma economica

Pronunciation / Transliteration: riˈfɔr.ma e.koˈnɔ.mi.ka

🇬🇧 Direct English Meaning:
Economic reform/ˌiː.kəˈnɒm.ɪk rɪˈfɔːm/
nounCEFR B2 (Upper)Top #3400 frequency
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🇮🇹 Example Sentence in Italian:

"La riforma economica ha migliorato la competitività del mercato."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A fundamental restructuring or alteration of a country's economic policies, systems, or institutions aimed at improving performance, growth, and efficiency.

    "The government announced a sweeping economic reform package to attract foreign investment and curb inflation."
  2. 2

    Changes made to financial laws and regulatory frameworks to correct systemic failures or adapt to new global market conditions.

    "Taxation and labor laws were key areas of economic reform during the legislative session."

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Linguistic Origin & Historical Etymology

The term combines 'economic,' originating from the Greek 'oikonomikos' (pertaining to household management), and 'reform,' derived from the Latin 'reformare' (to form again, change into a better form). First widely adopted in the late 20th century to describe structural changes in transitional and developing economies.

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