economic impact

USAGE SUMMARY

"economic impact" is correct and usable in written English.
For example, you could use the phrase in the sentence: "The economic impact of this policy change could be far-reaching."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

57 human-written examples

Economic impact.

Cornell University

"The economic impact will be substantial".

The New York Times

Their economic impact is not small.

The New York Times

The economic impact has been devastating too.

The Guardian - Sport

There is an economic impact".

The Guardian

"This has an economic impact.

The Guardian

Economic impact and innovation catalyst.

Massachusetts Institute of Technology

Empire City has a big economic impact.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

3 human-written examples

"The economic impact is significant".

The New York Times

On Saturday, the economic impact remained unclear.

The New York Times

Industries scenario/economic impact.

Nanoscale Research Letters

Expert writing Tips

Best practice

When discussing "economic impact", be specific about the sector or group affected. Providing context increases clarity and prevents generalizations. Instead of saying "The economic impact will be significant", specify "The economic impact on local tourism will be significant".

Common error

Avoid exaggerating the "economic impact" without providing supporting data or a clear methodology. Overblown claims can undermine credibility. Instead, quantify the impact with specific figures or cite reliable sources.

Linguistic Context

The phrase "economic impact" functions as a noun phrase typically acting as the subject or object of a sentence. It identifies the effect that something has on an economy. Ludwig confirms that the phrase is used correctly in numerous contexts.

Expression frequency: Very common

Frequent in

News & Media

54%

Academia

23%

Science

12%

Less common in

Formal & Business

6%

Wiki

3%

Reference

2%

Ludwig's WRAP-UP

The phrase "economic impact" is a commonly used noun phrase referring to the effect that something has on an economy. As Ludwig AI confirms, the phrase is grammatically correct and widely used across various fields, including news media, academia, and science. When discussing "economic impact", it's crucial to specify the affected sector and support claims with data. The related phrases, such as "financial consequence" and "fiscal effect", offer similar but nuanced ways to describe financial or societal consequences. Understanding these nuances can enhance the precision and credibility of your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial consequence

Focuses specifically on the monetary results.

fiscal effect

Emphasizes the governmental or budgetary implications.

monetary influence

Highlights the power to affect finances.

business repercussions

Deals with business specific consequences.

commercial fallout

Focuses on the negative commercial result.

market aftermath

Deals with the result in the markets after an event.

profitability implications

Addresses the impact on profits and earnings.

trade significance

Highlights how trade is affected.

investment outcomes

Concentrates on the result of investments.

revenue implications

Deals with the impact on the revenue.

FAQs

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

You can use "economic impact" to describe the effect of an event or policy on a region's economy. For example, "The new factory will have a significant "economic impact" on the town".

What are some phrases similar to "economic impact"?

Alternatives include "financial consequence", "fiscal effect", or "monetary influence" depending on the context.

Is it better to use "economic impact" or "economical impact"?

"Economic impact" is the correct term when referring to the effect on the economy. "Economical" refers to being thrifty or cost-effective, which is different in meaning. Therefore, "economic impact" is the right choice.

What's the difference between "economic impact" and "socioeconomic impact"?

"Economic impact" refers specifically to the financial effects, while "socioeconomic impact" includes the broader social and financial effects on a community or region. Using "socioeconomic impact" signals that you are considering a wider range of effects beyond just the economic ones.