Meaning 1economic; academic · 82%
A country's economy as a whole, including production, trade, and consumption.
Natural examples
Die Volkswirtschaft wuchs trotz hoher Energiepreise.
The national economy grew despite high energy prices.
Exporte spielen für die Volkswirtschaft eine wichtige Rolle.
Exports play an important role in the national economy.
Die Studie vergleicht zwei europäische Volkswirtschaften.
The study compares two European economies.
Usage note
Volkswirtschaft is feminine and usually singular. Volkswirtschaftslehre studies these systems; individual industries form parts of the whole.
Mini-lesson: Volkswirtschaft
A country's economy as a whole, including production, trade, and consumption. Volkswirtschaft is feminine and usually singular. Volkswirtschaftslehre studies these systems; individual industries form parts of the whole.
Check your learning
Choose one answer.Which definition matches «Volkswirtschaft»?