economic practice
[ɪˌkɒnɒmɪk ˈpræktɪs]
nounpl: economic practices
prática econômica
1. a customary or habitual action, method, or procedure in conducting economic activities, business, or financial matters
Fair trade is an economic practice that ensures producers receive equitable compensation.
O comércio justo é uma prática econômica que garante que os produtores recebam compensação equitativa.
2. the actual implementation or application of economic theories and principles in real-world business contexts
Modern economic practices have shifted toward sustainable and socially responsible models.
As práticas econômicas modernas mudaram para modelos sustentáveis e socialmente responsáveis.
3. established patterns of behavior and conventions in financial, commercial, or industrial sectors
Current economic practices in the tech industry prioritize innovation and rapid scaling.
As práticas econômicas atuais na indústria de tecnologia priorizam a inovação e o crescimento rápido.
In Brazil, 'prática econômica' is commonly discussed in business schools and policy contexts, reflecting the country's growing engagement with formal economic regulations. In the USA, the term is frequently used in academic and regulatory discourse, particularly regarding labor practices, fair trade, and sustainable business. Both cultures increasingly emphasize ethical and sustainable economic practices as part of corporate responsibility.
NYC Slang
the way business gets done / how things operate in the market
Related Idioms & Phrases
standard economic practice
best practices in economics
common economic practice
accepted economic practice
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