economic parlance

USAGE SUMMARY

'economic parlance' is a correct and usable phrase in written English.
It is used to refer to the specialized vocabulary and terminology used in the field of economics. For example, "The vocabulary of economic parlance can be difficult to understand for those who are not familiar with economics."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

The end result is that physicians can "induce demand," to use economic parlance.

The New York Times

In economic parlance their "reservation wage"—or the threshold pay rate needed to coax them into and keep them in employment declined precipitously.

The Economist

By contrast, adults without children and adults who are non-custodial parents could receive at most $503 in EITC income — which in economic parlance is bupkis.

Massachusetts Institute of Technology

In comparison to larger firms, small businesses are less well equipped to efficiently navigate the loan process – in economic parlance, their search costs are higher.

Harvard Business Review

In economic parlance, few goods in today's world are perfectly inelastic, where price is decoupled from quantity sold and where the costs of environmental action (and therefore implied price increase) are identical across companies.

Harvard Business Review

Further evidence that teams leave gate revenue on the table (or in economic parlance, create consumer surplus for fans) from charging lower face prices than they otherwise could command can be found by looking at secondary ticket pricing.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

But they were outnumbered: for the first time in a presidential election, more voters were above 50 than under 40.For all that each candidate appealed to different groups, both campaigned chiefly on the issue of what came to be called, in regrettably clumsy parlance, "economic democratisation".

The Economist

These aren't states; they're "para-states" — or, in one common parlance, "special economic zones".

The New York Times

In the parlance of economic theory, they were not rational utility maximisers but, in Herbert Simon's term, "satisficers" – opting for what was good enough, rather than becoming confused to the point of inertia in front of Monstromart's ranges of products.

The Guardian - Lifestyle

If even some of those services get "unbundled", in the parlance of fintechers, the economic models that have sustained banks for decades will be under threat.

The Economist

The proposed $700 billion bailout will apply a temporary "bandaid" to the current dire economic situation, or, to use current parlance, put lipstick on a pig.

Harvard Business Review

Expert writing Tips

Best practice

When writing for a general audience, clarify terms that might be unfamiliar within the "economic parlance" to ensure clarity and avoid confusion.

Common error

Avoid using overly technical "economic parlance" without providing context or explanation, as it can alienate readers who are not familiar with economic concepts.

Linguistic Context

The phrase "economic parlance" functions as a noun phrase, typically used to refer to the specialized vocabulary or language commonly used within the field of economics. As Ludwig AI highlights, it encompasses the specific terminology used by economists.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Academia

30%

Formal & Business

30%

Less common in

Science

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "economic parlance" is a noun phrase denoting the specific language used in economics. Ludwig AI confirms that the phrase is grammatically correct and usable. While its frequency is uncommon, it appears in various contexts, including news, academic, and business settings. To improve clarity, it's advisable to define technical terms from "economic parlance" when writing for a broad audience. Alternatives like "economic terminology" or "economic jargon" offer similar meanings. It’s important to not overuse technical terms. Therefore, this analysis helps clarify both the meaning and appropriate usage of the phrase.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic terminology

Replaces "parlance" with "terminology", emphasizing the specific terms used in economics.

economic jargon

Substitutes "parlance" with "jargon", highlighting the specialized or technical language of economics.

economics vocabulary

Replaces "parlance" with "vocabulary", focusing on the set of words used in economics.

economics language

Uses the broader term "language" instead of "parlance", referring to the way economists communicate.

economic lexicon

Replaces "parlance" with "lexicon", which refers to the vocabulary of a particular language or field.

economic discourse

Shifts from specific terms to the broader concept of "discourse", meaning written or spoken communication or debate.

economic vernacular

Substitutes "parlance" with "vernacular", highlighting the everyday language used within the field of economics.

in economic terms

Changes the structure to focus on expressing something using economic language.

using economic nomenclature

Replaces "parlance" with "nomenclature", emphasizing the system of names or terms used in economics.

the language of economics

Uses a more descriptive phrase to refer to the way economics is communicated.

FAQs

How is "economic parlance" used in academic writing?

In academic writing, "economic parlance" is used to refer to specific terms and concepts used within the field of economics. It's important to define these terms clearly for readers outside of economics.

What are some alternatives to the phrase "economic parlance"?

Alternatives include "economic terminology", "economic jargon", or "economics vocabulary", depending on the specific context.

Is it appropriate to use "economic parlance" in everyday conversation?

While "economic parlance" itself is a neutral term, using highly technical economic terms in everyday conversation may not be appropriate if your audience is unfamiliar with economics. Simpler language might be more effective.

How does "economic parlance" differ from general business language?

"Economic parlance" focuses specifically on the terminology and concepts related to economics, while general business language includes a broader range of terms related to management, marketing, finance and other business-related disciplines.