economic model

USAGE SUMMARY

The phrase "economic model" is correct and usable in written English.
You can use this phrase to describe various models of economic activity, such as supply and demand, competition between firms, or the theory of comparative advantage. For example, "The company used a supply-and-demand economic model to forecast how much to produce."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Its economic model may be broken.

The New York Times - Arts

The American economic model is back.

The New Yorker

"What is our economic model?

The New Yorker

"Such an economic model is impossible".

The New York Times

Its economic model was based on Japan's.

The Economist

On top of this collapsing economic model pile environmental woes.

The Guardian - Business

"The economic model is really good," Mr. Zucker said.

The New York Times

"Editorial quality is the basis of our economic model".

The New York Times

As an economic model, however, Starrett-Lehigh was less successful.

The New York Times

I'd like to see an economic model of it.

The Guardian - Opinion

But it's turned the economic model on its head.

The New York Times

Expert writing Tips

Best practice

When discussing abstract economic concepts, clarify which "economic model" you are referring to, as the term is broad and can encompass various theoretical frameworks.

Common error

Don't assume your audience automatically understands the intricacies of the "economic model" you're referencing. Provide enough context for clarity.

Linguistic Context

The phrase "economic model" functions as a noun phrase, often serving as the subject or object of a sentence. Ludwig indicates it's widely accepted and used to refer to various economic frameworks and systems.

Expression frequency: Very common

Frequent in

News & Media

56%

Science

29%

Formal & Business

6%

Less common in

Wiki

5%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "economic model" is a common and grammatically correct noun phrase used to describe representations of economic systems and activities. Ludwig AI validates its correctness, highlighting its widespread usage across various sources like news, science, and business. While versatile, ensure to provide sufficient context for clarity. When writing, avoid oversimplification and tailor your language to your audience. Alternatives like "financial framework" or "economic system" can be used depending on the nuance you wish to convey.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic system

Broader term that encompasses the entire organization of economic activity.

financial framework

Focuses on the financial aspects and structure of the model.

business strategy

Highlights the strategic and commercial aspects of the model.

financial strategy

Highlights the financial planning and approach within the model.

market mechanism

Emphasizes the operational aspects of the model within a market context.

theoretical framework

Emphasizes the theoretical underpinnings of the model.

fiscal policy

Relates to the governmental aspect of economics, especially concerning taxation and public spending.

growth strategy

Focuses specifically on how the model aims to achieve economic expansion.

monetary system

Refers to the system by which a country values and circulates money.

development plan

Focuses on growth and expansion within an economic context.

FAQs

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

You might say, "The government is trying to implement a new "economic model" to stimulate growth" or "Every serious "economic model" indicates that it contributed to recovery."

What are some alternatives to "economic model"?

Consider using phrases such as "financial framework", "business strategy", or "economic system" depending on the context.

What is the difference between "economic model" and "economic system"?

"Economic model" typically refers to a simplified representation or framework used to analyze and predict economic phenomena, while "economic system" encompasses the entire set of institutions, practices, and behaviors that govern the production, distribution, and consumption of goods and services in a society.

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

While "economical" means cost-effective or thrifty, "economic" relates to the economy or financial aspects. Therefore, "economic model" is the correct phrase when referring to a model of economic activity, while "economical model" might describe a cost-saving version of a product.