principle of economics

collocation in English

meaningsofprincipleandeconomics

These words are often used together. Click on the links below to explore the meanings. Or,see other collocations witheconomicsorprinciple.
principle
noun
uk
/ˈprɪn.sə.pəl/us
/ˈprɪn.sə.pəl/
a basic idea or rule that explains or controls how something happens ...
See more atprinciple
economics
noun[U]
uk
/ˌiː.kəˈnɒm.ɪks/us
/ˌiː.kəˈnɑː.mɪks/
the way in which trade, industry, or money is organized, or the study ...
See more ateconomics

(Definition ofprincipleandeconomicsfrom theCambridge English Dictionary© Cambridge University Press)

Examplesofprinciple of economics

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
But a simpleprincipleofeconomicsis this.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is a greatprincipleofeconomicsthat we acknowledge legitimate expectations.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
If it is a question of past costs, then why does not the most fundamentalprincipleofeconomicsapply; namely, that bygones are bygones?
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The second illusion sets aside the fundamentalprincipleofeconomicsthat when prices are increased, demand is reduced.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Secondly, it is a well-knownprincipleofeconomicsthat it is easier to penetrate a small market from a large market than vice-versa.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The law of rent applies equally well to urban land and rural land, as it is a fundamentalprincipleofeconomics.
From
Wikipedia
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The law of diminishing returns is a fundamentalprincipleofeconomics.
From
Wikipedia
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Similarly, the general principles of economics: rationality, competition, equilibrium etc., only take one so far in understanding how parts of the economy work.
From theCambridge English Corpus
Most respondents were clear as to the basic principles of economics and the need to make choices when faced with a budget constraint.
From theCambridge English Corpus
Anybody who knows the first principles of economics understands that those who control the economic resources of a country dictate the policy of that country.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I am convinced that this is largely because he understands the basic principles of economics.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
He feels guilty, so he will not take issue with us on the principles of economics or financial theory.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is a defiance of the basic principles of economics.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
However, some people want to entrench canons and principles of economics into an absolute treaty.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
If there is one thing absolutely certain in the principles of economics, and never been disputed, it is the law of rent, and that rent does not enter into price.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Economics for business looks at the major principles of economics but focuses on applying these economic principles to the real world of business.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
He has taught a number of courses, including principles of economics, intermediate microeconomic theory, and field courses in labor and demography.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
In early cases, it was easier for plaintiffs to show market relationship, or dominance, by tailoring market definition, even if it ignored fundamental principles of economics.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
Class hatred cannot possibly be considered or made into aprincipleofeconomics.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Ricardo's formulation of the law was the first clear exposition of the source and magnitude of rent, and is among the most important and firmly established principles of economics.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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