economic law

USAGE SUMMARY

The phrase "economic law" is correct and usable in written English.
It can be used in contexts discussing principles or rules that govern economic behavior or systems. Example: "The economic law of supply and demand explains how prices fluctuate based on the availability of goods and consumer desire."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

41 human-written examples

It's an "economic law".

The New York Times

There is no economic law that says they go together".

The New York Times

Greek commercial and economic law is then examined in detail.

Stanford University

There is no economic law that says everyone benefits from technological improvement".

The New York Times

But there is no economic law that says digital progress will benefit everyone evenly.

The New York Times

Fighting this economic law will only invite inflation, excess and harder reckonings.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

16 human-written examples

Thirdly, and finally, he tackles the elusiveness of what he calls "the slippery issue of 'economic law'".

Duke University

Pieter Van Cleynenbreugel, Fellow Research Foundation Flanders, Research Unit Economic Law, Faculty of Law, KU Leuven University of Leuvenen, Belgium.

Columbia University

​Since 2007 Professor for Economic Law at the European University Institute, Jean Monnet Chair of Private Law and European Economic Law at the University of Bamberg (emeritus).

Springer

Assistant, Center for European Economic Law, Katholieke Universiteit Leuven, Advocaat.

Columbia University

Georgetown University Law Center, Institute of International Economic Law.

Cornell University

Expert writing Tips

Best practice

When discussing fundamental economic relationships, use "economic law" to convey a sense of established principle. For less rigid concepts, consider alternatives like "economic principle" or "economic policy".

Common error

Avoid using "economic law" to refer to specific pieces of economic legislation. Instead, use "economic regulation" or "economic legislation" when discussing government-enacted laws.

Linguistic Context

The phrase "economic law" functions primarily as a noun phrase. It often serves to identify a fundamental principle or a regulatory framework within the field of economics. Ludwig AI examples highlight its use in describing established economic relationships and in academic and legal contexts.

Expression frequency: Very common

Frequent in

News & Media

38%

Academia

34%

Science

16%

Less common in

Encyclopedias

6%

Formal & Business

3%

Reference

3%

Ludwig's WRAP-UP

The phrase "economic law" is a grammatically sound and frequently used term, particularly in News & Media, Academia, and Science. According to Ludwig AI, the phrase is correct and suitable for discussing principles and regulations in economic contexts. While "economic law" is widely accepted, it's important to distinguish between inherent economic principles and specific economic legislation. Related terms include "law of economics" and "economic principle". When writing, ensure that "economic law" accurately reflects the concept being discussed, whether it's a fundamental principle or a regulatory framework.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

law of economics

Rephrasing, emphasizes economics as a discipline governed by laws.

economic principle

Substitutes "law" with "principle", softening the deterministic implication.

economic regulation

Focuses on the regulatory aspect rather than inherent laws.

economic policy

Shifts focus to government actions and strategies.

market law

Refers specifically to laws governing market behavior.

financial law

Broader term encompassing laws related to finance.

monetary policy

Specifically refers to policies related to money supply and interest rates.

fiscal policy

Focuses on government spending and taxation.

trade law

Relates to laws governing international trade.

business law

Encompasses the legal aspects of business operations.

FAQs

How is "economic law" used in academic writing?

In academic contexts, "economic law" often refers to established principles or theories within economics. For example, the "economic law" of supply and demand.

What's the difference between "economic law" and "economic policy"?

"Economic law" generally refers to inherent principles, while "economic policy" describes government actions designed to influence the economy.

Are there alternatives to using the term "economic law"?

Yes, depending on the context, you could use phrases like "law of economics", "economic principle", or "market law".

In what contexts is "economic law" most appropriately used?

"Economic law" is suitable when referring to fundamental economic relationships that are believed to hold true under certain conditions, such as the law of diminishing returns.