What does economic importance mean?

Definitions for economic importance
eco·nom·ic im·por·tance

This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic importance.

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  1. economic importance

    Economic importance refers to the significance or impact that a particular industry, sector, company, or policy has on the overall economy. It typically relates to the contribution of these entities in terms of employment generation, production, trade, and GDP growth. The economic importance of an industry or sector can be measured through various indicators such as its share in the overall economy, value added, productivity, profitability, and its ability to attract investment and generate income. Overall, economic importance helps to determine the role and influence of specific economic entities in shaping the well-being and development of a country or region.

Editors Contribution

  1. ECONOMIC IMPORTANCE

    Economic importance means the economic value of something, anything either good or bad.


    Submitted by rinat on May 18, 2021  

How to pronounce economic importance?

How to say economic importance in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of economic importance in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of economic importance in Pythagorean Numerology is: 2

Examples of economic importance in a Sentence

  1. Israel Finkelstein:

    It’s hard to overstate Megiddo’s cultural and economic importance in the late Bronze Age.

  2. Jan Valeskog:

    The Nobel Center is an important project that has great cultural and economic importance for the entire Stockholm region.

References


Translations for economic importance

From our Multilingual Translation Dictionary

  • ఆర్థిక ప్రాముఖ్యతTelugu
  • اقتصادی اہمیتUrdu

Get even more translations for economic importance »

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"economic importance." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/economic+importance>.

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