economic model
noun[C]
ECONOMICSukusoneparticularway oforganizinganeconomy:
Goingforward, the Americaneconomicmodelshould not beabandoned, as someadvocate.
atheoryused forcalculatingtheeffectof something on aneconomy:
Ernst & Young's ITEM Club, which uses the Treasury'seconomicmodel, says UKGDPwillgrowby 3.5% thisyear.