A place enjoying very fast economic growth.

(economics, politics) Interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system — capitalist, socialist, mixed, and so on — influence each other.

An attempt to economize that fails because the less expensive approach is inferior in some way.

Aspect of the economy that encompasses the economic scale and implications of policy formulation and implementation.

(economics, politics) An economic system in which activity is directly controlled by the government and the means of production are publicly owned.

(economics, politics) An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.

(economics) A sector of a nation's economy that is illegally undeclared and undocumented due to cash payments or tax avoidance

A measure of the amount of fuel consumed in a car or other vehicle based on the distance traveled.

Synonym of sharing economy

(economics, public policy) A system of economic exchange in which participants interact in a direct and cooperative manner, often with the aid of social media, to produce, market, and consume goods, services, and resources.