What Is The Meaning Of Economic Independence

What is the meaning of economic independence?

In equality policy a person is considered to be economically independent if the individual net income level from labour and from business activities is at least the same as according to policy values applied to individual minimum income or higher.

What is another word for being independent?

Some common synonyms of independent are autonomous, free, and sovereign. While all these words mean not subject to the rule or control of another, independent implies a standing alone; applied to a state it implies lack of connection with any other having power to interfere with its citizens, laws, or policies.

What is a good synonyms for independence?

On this page you’ll find 34 synonyms, antonyms, and words related to independence, such as: ability, autonomy, self-determination, self-government, self-reliance, and self-rule.

What is the synonym for economic?

  • profitable.
  • lucrative.
  • worthwhile.
  • remunerative.
  • beneficial.
  • gainful.
  • moneymaking.
  • paying.

How do you use economic independence in a sentence?

Her development path hence led not to growing economic independence but to an increasing reliance on the benevolence of foreign financiers and trading partners. It was this proclamation of economic independence which allowed her to view the single life as a permanent state.

What is economic simple words?

Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.

What is a synonym for independently working?

Independent worker synonyms to use Self-reliant: Similarly, describing yourself as self-reliant conveys that you’re able to make decisions independently and that you value your autonomy at work.

What is a synonym for autonomous independent?

Some common synonyms of autonomous are free, independent, and sovereign.

What is a synonym for independent self sufficient?

Synonyms of ‘self-sufficient’ in British English He seems completely self-contained. self-reliant. She is intelligent and self-reliant. self-sustaining. self-supporting.

What are two good synonyms?

  • acceptable.
  • excellent.
  • exceptional.
  • favorable.
  • great.
  • marvelous.
  • positive.
  • satisfactory.

What are two synonyms for freedom?

  • freedom.
  • liberty.
  • self-determination.
  • self-government.
  • self-rule.
  • sovereignty.

What is a synonym for fiercely independent?

“fiercely independent individualism” synonyms: autarkic, autarkical. of countries; not relying on imports. autonomous, self-directed, self-reliant. (of persons) free from external control and constraint in e.g. action and judgment.

Is financial a synonym of economic?

Synonyms of ‘economic’ in British English They tighten monetary policy to avoid inflation. financial. The company is in financial difficulties. material. fiscal.

What is the old word for economics?

The earlier term for the discipline was ‘political economy’, but since the late 19th century, it has commonly been called ‘economics’.

What is a synonym for economically rich?

prosperous. upscale. well-heeled. well-off. well-to-do.

What is economic independence of entrepreneurs?

Entrepreneurship can be a path to economic independence for both the country and the entrepreneur. It reduces the nation’s dependence on imported goods and services and promotes self-reliance.

What are the benefits of economic independence?

The most obvious benefit of economic freedom is that, as a system, it is the most conducive to widespread prosperity, that is, to high or rising income and consumption for the bulk of the population.

What is the full meaning of economy?

An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources.

What is the meaning of full independence?

(ɪndɪpendəns ) uncountable noun. If a country has or gains independence, it has its own government and is not ruled by any other country.

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