Definition

The study of how economic and political factors interact on a global scale, affecting countries and their relationships with each other.

Example

Geoeconomics plays a crucial role in shaping international trade policies.

Conversation

Have you heard about the concept of geoeconomics?

Yeah, it's really interesting how it connects politics and economics.

I read an article that explained how countries use geoeconomics to influence trade.

Exactly! It really shows the impact of economic factors on global relations.

Synonyms & Antonyms

Root Explanation

Geoeconomics is formed from "geo-" (from Greek "geō", meaning earth) and "economics" (from Greek "oikonomikos", meaning pertaining to household management or economy). The term refers to the study of the relationship between economic and geographical factors.

Memory Tip

Think of 'geo-' meaning earth and 'economics' relating to managing resources — geoeconomics is about how economic activities are influenced by geographical factors.

Visually Confused Words