economic basis

USAGE SUMMARY

"economic basis" is correct and usable in written English.
It typically refers to the economic principles or underlying facts that serve as a basis or foundation for a decision, opinion, or action. For example: "The economic basis for the government's decision to raise taxes was to increase revenue and fund social programs."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

"Economics research has clarified not only the economic basis for innovation but also its determinants.

Science Magazine

It has no economic basis".

The New York Times

The economic basis for federalism already exists.

The New York Times

There is always an economic basis.

The Guardian

"The idea had a solid economic basis," he said.

The New Yorker

The "economic basis" of society is culturally constructed.

The New York Times - Magazine

Ridding conceded that building a sound economic basis for serious journalism remains a work-in-progress.

The New Yorker

The economic basis for challenging vertical mergers is known as "vertical foreclosure," Rubinfeld explained.

The New Yorker

It cannot help that the entire economic basis of this world has fallen away.

The New York Times

In Leeson's opinion, there was a sound economic basis for all this democracy.

The New Yorker

Late last year, property values in Naples fell, threatening the economic basis for the project.

The New Yorker

Expert writing Tips

Best practice

In business or economic reports, always substantiate claims about viability or sustainability by referencing the "economic basis" that supports them.

Common error

Avoid exaggerating the importance of the "economic basis" without providing concrete data or evidence. Ensure your claims are supported by verifiable facts and logical reasoning to maintain credibility.

Linguistic Context

The phrase "economic basis" functions as a noun phrase, typically acting as a subject complement or object of a preposition. As Ludwig AI suggests, it signifies the underlying economic principles or facts supporting an argument or decision.

Expression frequency: Very common

Frequent in

News & Media

40%

Encyclopedias

20%

Science

20%

Less common in

Formal & Business

10%

Wiki

5%

Academia

5%

Ludwig's WRAP-UP

In summary, the phrase "economic basis" is a widely used and grammatically sound term that refers to the underlying economic factors that support or explain a particular situation, decision, or phenomenon. As noted by Ludwig AI, its primary function is to provide a rationale rooted in economic principles. It is most frequently encountered in news media, encyclopedias, and scientific literature. While versatile, using alternatives like "financial foundation" or "economic underpinning" can add nuance. Remember to substantiate your claims with concrete data when discussing the "economic basis" to maintain credibility.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Economic rationale

Focuses on the logical or justifiable reason from an economic standpoint.

Economic underpinning

Highlights the supporting structure from an economic perspective.

Financial foundation

Focuses on the financial aspect, emphasizing the monetary support or resources.

Fiscal footing

Emphasizes the financial stability and condition.

Financial underpinnings

Similar to financial foundation but indicates a broader range of supporting elements.

Monetary framework

Refers to the structured system of monetary principles.

Economic driver

Emphasizes what propels or stimulates economic activity.

Commercial justification

Highlights the reasons for something being commercially viable.

Business model

Relates specifically to how a business creates and delivers value.

Revenue source

Points directly to where income is generated.

FAQs

How can I use "economic basis" in a sentence?

You can use "economic basis" to describe the underlying financial reasons for a decision or situation. For instance, "The government defended its policy on the "economic basis" of increased revenue generation."

What's a good alternative to "economic basis"?

Alternatives include "financial foundation", "economic underpinning", or "fiscal footing" depending on the specific context you wish to convey.

Is it correct to say "economical basis" instead of "economic basis"?

While both terms relate to economics, "economic basis" refers to the underlying principles or factual foundation, whereas "economical basis" suggests cost-effectiveness or efficiency. Therefore, "economic basis" is more appropriate when discussing fundamental economic reasons.

What is the difference between "economic basis" and "financial basis"?

"Economic basis" encompasses a broader range of factors relating to the economy, including production, distribution, and consumption. "Financial basis", on the other hand, specifically relates to monetary or fiscal aspects. The choice depends on whether you're emphasizing the overall economic context or just the financial aspects.