🇪🇸Spanish Source WordCode: ES

Economía formal

Pronunciation / Transliteration: Ekonomía formal

🇬🇧 Direct English Meaning:
Formal Economy/ˈfɔːr.məl ɪˈkɒ.nə.mi/
nounCEFR B2 (Upper)Top #1500 frequency
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🇪🇸 Example Sentence in Spanish:

"La economía formal proporciona beneficios a los trabajadores."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The part of the economy that is regulated by the government and includes all legal economic activities.

    "The formal economy provides job security and benefits to workers."
  2. 2

    Economic activities that are documented and taxed, as opposed to those that occur in the informal sector.

    "Many businesses operate within the formal economy to ensure compliance with labor laws."

Thesaurus & Semantic Spectrum

Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'formal economy' combines 'formal', derived from Latin 'formalis', meaning 'pertaining to form', and 'economy', from Greek 'oikonomia', meaning 'management of a household'. The phrase evolved to describe economic activities that are regulated and recognized by the government.

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