Definition: A person who makes money or receives income from work or investments.

Example: She is a high earner in her company, earning a significant salary.

Definition: Relating to the application of statistical and mathematical methods to economic data and problems.

Example: The econometric model helped predict future economic trends based on past data.

Definition: A person who uses mathematical and statistical methods to analyze economic data and develop economic theories.

Example: The econometrician presented her findings on the impact of inflation on employment rates.

Definition: The use of math and statistics to analyze economic data and solve economic problems.

Example: Econometrics helps economists understand complex data and make informed decisions.

Definition: A professional who applies statistical and mathematical techniques to analyze economic data and make forecasts.

Example: The econometrist provided valuable insights into the economic trends using complex models.

Definition: Relating to the economy, finances, or the management of resources and wealth.

Example: The government is implementing new policies to stimulate economic growth.

Definition: Relating to saving money or using resources carefully and efficiently.

Example: Using public transportation is a more economical choice than driving a car.

Definition: In a way that relates to the management of resources, especially money, to avoid waste and ensure efficiency.

Example: The company operates economically to maximize profits and minimize costs.

Definition: The study of how people use resources to produce, distribute, and consume goods and services.

Example: She decided to major in economics because she was interested in how markets work.

Definition: To use less of something, especially money or resources, in order to save or be more efficient.

Example: We need to economise on our spending this month to save for the holiday.