for economic benefit

USAGE SUMMARY

The phrase "for economic benefit" is correct and usable in written English.
It can be used when discussing actions, policies, or decisions that are intended to provide financial advantages or improvements. Example: "The new policy was implemented for economic benefit, aiming to stimulate local businesses and create jobs."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

24 human-written examples

It aims to identify the most economically productive mix of expanded reservoir storage for economic benefit sharing to occur, in which economic welfare of all riparians is improved.

Journal of Hydrology

The country is using science for economic benefit.

Nature

"Space is no longer for power and prestige; it's truly for economic benefit," the Apollo 11 flight director Eugene Kranz said.

The Guardian

The challenge is for the town to use the money not only for environmental but also for economic benefit -- a concert series, say, for the new open space.

The New York Times

The EU, he said, was developing laws not just for economic benefit but "according to whether they help to build a United States of Europe".

The Guardian

We also design a novel CO2 capture and utilization (CCU) network for economic benefit through utilizing CO2 for enhanced oil recovery.

Computers & Chemical Engineering

Human-verified similar examples from authoritative sources

Similar Expressions

36 human-written examples

The main security threat is probably gun-running: recently, Panama's police have seized several arms shipments, apparently for the guerrillas.But Colombia's internal strife is also giving Panama some unlooked-for economic benefits.

The Economist

"While the language on the ballot cites the hoped-for economic benefits, we feel obligated to ask for a more definitive statement as to how and where the money generated by these casinos will be spent," the bishops said.

The New York Times

Women were generally more anti than men.The biggest mistake of the euro-vaunters was to stress the currency's hoped-for economic benefits, while insufficiently attending to Danish worries about a feared erosion of political sovereignty.

The Economist

North Korea put forward a plan to freeze its weapons program in return for economic benefits.

The New York Times

"I think he wants to use it for economic benefits -- sell, barter, whatever".

The New York Times

Expert writing Tips

Best practice

When using "for economic benefit", clearly specify who or what is benefiting. This adds clarity and avoids ambiguity. For example, "The tax cuts were implemented for the economic benefit of small businesses."

Common error

Avoid exaggerating the potential economic benefits without sufficient evidence. Ground claims in realistic projections and data to maintain credibility.

Linguistic Context

The phrase "for economic benefit" primarily functions as an adverbial phrase, modifying a verb or clause to express the purpose or reason behind an action. Ludwig AI's examples illustrate its use in indicating the intended financial outcome.

Expression frequency: Rare

Frequent in

Science

33%

News & Media

33%

Formal & Business

33%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "for economic benefit" is a prepositional phrase used to describe the intention behind an action or policy aimed at improving financial well-being or creating financial advantages. Ludwig AI confirms its grammatical correctness and suitability across various contexts. While not exceedingly common, its usage is consistent and understood. Alternative phrases include "for financial gain" and "to boost the economy". When employing this phrase, clarity regarding the beneficiary and realistic assessments of economic impact are essential for effective communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

for financial gain

Focuses more directly on monetary profit, implying a potentially selfish motive.

for monetary advantage

Highlights the monetary aspect, suggesting a calculated pursuit of financial benefit.

to boost the economy

Implies a broader, more systemic improvement rather than individual gain.

to enhance financial prosperity

Emphasizes a state of flourishing and wealth, suggesting a long-term effect.

for commercial purposes

Focuses on business-related activities and objectives, potentially broader than just economic gain.

with the goal of profitability

Highlights the objective of making profit, specifying the intention behind an action.

in pursuit of fiscal success

Formal and emphasizes active striving for financial achievement.

seeking economic prosperity

Emphasizes the aspiration for a thriving economic state.

aiming for financial improvement

Focuses on betterment and progress in the financial state.

to promote economic welfare

Highlights the improvement of general well-being through economic means.

FAQs

What does "for economic benefit" mean?

The phrase "for economic benefit" means something is done with the intention of improving financial well-being or creating financial advantages.

How can I use "for economic benefit" in a sentence?

You can use "for economic benefit" to describe the purpose of an action or policy, such as, "The government introduced the new regulations "for economic benefit" of the local community."

Are there alternatives to "for economic benefit"?

Yes, you can use alternatives like "for financial gain", "for monetary advantage", or "to boost the economy" depending on the context.

Is "for economic benefit" formal or informal?

The phrase "for economic benefit" is suitable for both formal and neutral contexts. It's commonly used in business, news, and academic writing.