economist
A specialist or academic professional who studies the production, distribution, and consumption of goods and services. They analyze data, monitor economic trends, and develop theories to understand how financial systems and social policies impact society.
Examples
3 of 5My sister is an economist who helps small businesses understand market fluctuations.
My sister is an economist who helps small businesses understand market fluctuations.
The chief economist of the International Monetary Fund issued a warning regarding global debt levels.
The chief economist of the International Monetary Fund issued a warning regarding global debt levels.
He's a bit of an armchair economist, always giving advice on stocks despite having no training.
He's a bit of an armchair economist, always giving advice on stocks despite having no training.
Word Family
Memory Tip
Remember the root 'eco' (from Greek oikos, meaning house) and 'nomos' (meaning law/manage). An economist is a 'manager of the house' on a global scale.
Quick Quiz
The world-renowned _____ was invited to speak at the summit about the future of global trade.
Correct!
The correct answer is: economist
Examples
My sister is an economist who helps small businesses understand market fluctuations.
everydayMy sister is an economist who helps small businesses understand market fluctuations.
The chief economist of the International Monetary Fund issued a warning regarding global debt levels.
formalThe chief economist of the International Monetary Fund issued a warning regarding global debt levels.
He's a bit of an armchair economist, always giving advice on stocks despite having no training.
informalHe's a bit of an armchair economist, always giving advice on stocks despite having no training.
Classical economists argued that markets are self-regulating and require minimal government intervention.
academicClassical economists argued that markets are self-regulating and require minimal government intervention.
We need to hire a senior economist to interpret these consumer spending projections before the board meeting.
businessWe need to hire a senior economist to interpret these consumer spending projections before the board meeting.
Word Family
Common Collocations
Common Phrases
armchair economist
someone who offers opinions on economics without professional expertise
the dismal science
a common nickname for the field practiced by an economist
supply-side economist
an economist who believes in stimulating the economy by reducing taxes on production
Often Confused With
Economic is an adjective relating to the economy, whereas economist is the person who studies it.
An economizer is a device or person that saves money or energy, while an economist is a professional researcher.
Usage Notes
The term is typically reserved for those with professional qualifications or those conducting research in the field. It is often used with modifiers (e.g., 'labor economist', 'environmental economist') to specify an area of expertise.
Common Mistakes
Learners often use 'economics' (the subject) when they mean 'economist' (the person). For example, saying 'He is a famous economics' instead of 'He is a famous economist'.
Memory Tip
Remember the root 'eco' (from Greek oikos, meaning house) and 'nomos' (meaning law/manage). An economist is a 'manager of the house' on a global scale.
Word Origin
Derived from the Greek 'oikonomos', meaning 'one who manages a household'.
Grammar Patterns
Cultural Context
In Western media, economists are frequently consulted for predictions, though they are also the subject of jokes regarding their inability to reach a consensus.
Quick Quiz
The world-renowned _____ was invited to speak at the summit about the future of global trade.
Correct!
The correct answer is: economist
Related Words
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