Economic liability

USAGE SUMMARY

The phrase "economic liability" is correct and usable in written English. You can use it in contexts discussing financial obligations or risks associated with economic activities. For example, "The company faced significant economic liability due to its investments in volatile markets." Alternative expressions include "financial obligation" and "economic responsibility."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

26 human-written examples

Without public subsidies, including limits on economic liability in the event of an accident, it would not be economically viable.

The New York Times

"Inequality is also an economic liability; inequality costs.

The Guardian

In a modern society children are an economic liability, not an asset.

The Economist

Yet there currently is no mechanism to pay for this massive economic liability for climate change.

Yale University

Solving youth unemployment is a worthy objective – youth unemployment in Australia is a scourge and an economic liability.

The Guardian - Opinion

Ceuta had proved an economic liability, and they believed that possession of the neighbouring city would both ensure Ceuta's safety and provide a source of revenue.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

34 human-written examples

The region's greatest economic liabilities may well be the largest economies: Japan and China.

The New York Times

The societal burden of ASD is debilitating with profound economic liabilities exceeding those of cancer, stroke, and heart disease combined.

Genomic and Precision Medicine Primary Care

As Americans left the farm for the city, children who had been valuable farmhands became economic liabilities, and motherhood became a less valued role for women.

The New York Times

That includes not just tough, well-enforced regulations, economic liabilities and criminal penalties for companies that prove too dangerous, but also positive incentives and public rewards for those that put safety first.

The New York Times

Throughout history these are the categories of people who are not economic players; in fact they have largely been dismissed as economic liabilities.

Huffington Post

Expert writing Tips

Best practice

When discussing potential future financial impacts, use "economic liability" to clearly indicate a future cost or obligation that may negatively affect an entity.

Common error

Avoid using "economic liability" when the context involves ethical or moral duties. Use it strictly for situations involving measurable financial burdens or obligations.

Linguistic Context

The phrase "economic liability" primarily functions as a noun phrase. According to Ludwig, this phrase is grammatically correct and commonly used to denote a financial obligation or burden that an entity or individual is responsible for. This is evident in examples where it refers to capped liabilities in nuclear accidents or the costs associated with climate change.

Expression frequency: Common

Frequent in

News & Media

58%

Academia

21%

Science

21%

Less common in

Encyclopedias

0%

Wiki

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "economic liability" is a commonly used and grammatically sound phrase that refers to a financial obligation or burden. According to Ludwig AI, it appears frequently in news, academic, and scientific contexts, denoting potential financial risks or costs. While interchangeable with terms like "financial burden" or "fiscal responsibility", its precise usage depends on the context. When writing, remember to use it for measurable financial burdens and avoid confusing it with moral responsibilities. The phrase carries a neutral to formal tone, making it suitable for various professional discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Economic burden

Directly synonymous, replacing "financial" with "economic".

Financial burden

Emphasizes the onerous or oppressive nature of the financial obligation.

Fiscal responsibility

Highlights the duty to manage financial obligations effectively, in contrast to the burden itself.

Financial risk

Focuses on the potential for loss or adverse financial consequences.

Monetary obligation

A more formal way of expressing a financial duty or requirement.

Debt burden

Focuses specifically on the weight of debt as a financial liability.

Costly responsibility

Highlights the expense associated with a particular duty or obligation.

Financial encumbrance

Suggests something that restricts or burdens financial freedom.

Fiscal drawback

Implies a negative aspect or disadvantage related to financial matters.

Economic drawback

It is a setback or disadvantage related to the economy.

FAQs

How to use "economic liability" in a sentence?

Use "economic liability" to refer to a financial burden or obligation. For example: "The company faced a significant "economic liability" due to the lawsuit."

What can I say instead of "economic liability"?

You can use alternatives like "financial burden", "fiscal responsibility", or "financial risk" depending on the specific context.

Which is correct, "economic liability" or "financial liability"?

"Economic liability" and "financial liability" are often used interchangeably, but "economic liability" may encompass a broader range of economic impacts, while "financial liability" is more directly related to monetary obligations.

What's the difference between "economic liability" and "economic burden"?

"Economic liability" often refers to a specific, quantifiable obligation, while "economic burden" can describe a more general and pervasive negative impact on an economy or entity.