economic model
[ɪˌkɑːnɑːmɪk ˈmɑːdəl]
nounpl: economic models
modelo econômico
1. A simplified representation of economic processes used to describe, explain, or predict economic behavior and outcomes
The economist developed an economic model to forecast inflation rates.
O economista desenvolveu um modelo econômico para prever as taxas de inflação.
2. A system or structure showing how an economy or business operates and generates revenue
The company's economic model relies heavily on subscription fees.
O modelo econômico da empresa depende fortemente de taxas de assinatura.
3. A theoretical framework illustrating the relationships between economic variables
The Keynesian economic model emphasizes the role of aggregate demand.
O modelo econômico keynesiano enfatiza o papel da demanda agregada.
In Brazil, 'modelo econômico' is widely discussed in academic, governmental, and business contexts, particularly when discussing national development strategies and economic reforms. The term gained prominence during discussions about different economic systems (capitalist vs. socialist models) and in contemporary debates about sustainable and digital economic models. In the USA, economic models are fundamental to policy-making and are frequently referenced in political and business discourse.
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