economic theory
noun
ECONOMICSukus[U]
theideasand priniciples thataimtodescribehoweconomieswork:
Basiceconomictheorystatesthat ifwagesare too high,economicgrowthwillsuffer.
[C]
aparticularideaorprinciplethataimstodescribehow aneconomyworks:
Hedisagreedwithsupply-sideeconomictheories.