경제
The system of production, distribution, and consumption of goods and services in a country or region.
Examples
3 of 5한국 경제는 수출에 크게 의존합니다.
The Korean economy relies heavily on exports.
요즘 경제 상황이 좋지 않아요.
The economic situation isn't good these days.
정부는 경제 성장을 위해 노력하고 있다.
The government is working for economic growth.
Word Family
Memory Tip
Economy starts with 'E', like 'E-Gyeong-Je' (Economic Gyeong-Je).
Quick Quiz
많은 국가들이 _____ 위기를 극복하기 위해 노력하고 있습니다.
Correct!
The correct answer is: 경제
Examples
한국 경제는 수출에 크게 의존합니다.
academicThe Korean economy relies heavily on exports.
요즘 경제 상황이 좋지 않아요.
informalThe economic situation isn't good these days.
정부는 경제 성장을 위해 노력하고 있다.
formalThe government is working for economic growth.
우리는 경제적인 차를 사고 싶습니다.
everydayWe want to buy an economical car.
경제 지표를 분석하는 것이 중요합니다.
businessAnalyzing economic indicators is important.
Word Family
Common Collocations
Common Phrases
경제가 어렵다
the economy is struggling
경제가 활성화되다
the economy is revitalized
경제학자
economist
Often Confused With
'경제' is the system overall, while '경기' refers to the current state or 'business climate' of that system.
Usage Notes
Very high-frequency word in IELTS writing and speaking for social and political topics.
Common Mistakes
The adjective '경제적' can mean 'economical/cheap' or 'related to the economy'. Context determines which one.
Memory Tip
Economy starts with 'E', like 'E-Gyeong-Je' (Economic Gyeong-Je).
Word Origin
From Sino-Korean '경' (manage) + '제' (help/save). Short for '경세제민'.
Grammar Patterns
Quick Quiz
많은 국가들이 _____ 위기를 극복하기 위해 노력하고 있습니다.
Correct!
The correct answer is: 경제
Related Grammar Rules
Related Vocabulary
Economic activity concerned with the processing of raw mater...
무역The action of buying and selling goods and services between...
자본Wealth in the form of money or other assets owned by a perso...
시장An area or arena in which commercial dealings are conducted....
금융The system of managing and circulating money, including bank...
More economics words
상승하다
B2To move upward or to increase in value, level, or quantity. It is frequently used in academic contexts to describe rising trends in data or prices.
효용성
B2Utility or usefulness; the quality of being effective and helpful for a specific purpose. It often refers to the practical value derived from a resource or system.
자급자족
B2The state of supplying one's own needs without external assistance, particularly regarding food or essential resources.
세계화
B2The process by which businesses or other organizations develop international influence or start operating on an international scale.
고용률
B2The ratio of the employed to the working-age population.
동향
B2The general direction in which something is developing or changing. It is widely used to describe market trends, political movements, or social shifts.
수요
B2The desire of consumers, clients, or users for a particular commodity or service. It is a fundamental concept in economics paired with supply.
공급
B2The amount of a good or service that is available for purchase or use. It is the counterpart to demand in market economics.
급등
B2A sudden and sharp increase in price, value, or quantity. It is a key term for IELTS Academic Task 1 graph descriptions.
인적 자본
B2The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
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