ECONOMIC CURE Meaning and
Definition
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Economic cure refers to a set of policies, measures, or strategies implemented by governments or economic institutions to address and alleviate the problems and challenges faced by an economy. It is a deliberate and targeted approach aimed at improving the overall economic performance and restoring stability.
An economic cure often encompasses various tools and techniques that focus on sustainable growth, job creation, and increased productivity. These may include fiscal policies such as taxation, government spending, and budget allocations to stimulate aggregate demand and boost economic activity. Monetary policies such as interest rate adjustments, open market operations, and credit controls may also be employed to manage inflation, stabilize exchange rates, and ensure price stability.
Additionally, structural reforms can play a crucial role in an economic cure. These reforms involve changes in the fundamental framework of an economy, including labor market flexibility, privatization, deregulation, and trade liberalization, to enhance competitiveness, attract investments, and promote innovation.
The ultimate goal of an economic cure is to address key economic challenges such as unemployment, inflation, income inequality, and low productivity. By implementing targeted policies and strategies, an economic cure aims to revive economic growth, enhance living standards, and promote sustainable development.
While the effectiveness of an economic cure depends on various factors including the specific economic context, implementation strategies, and political will, it serves as a roadmap towards achieving a healthier and more robust economy.
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• The arrest or betterment of a chronic disease, such as tuberculosis, to such an extent as to permit the patient to earn his living in some light occupation.
• A partial cure of a chronic disease, such as phthisis, enabling the patient to resume the occupation by which he earns his living.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
Common Misspellings for ECONOMIC CURE
- economic cuve
- economic cupe
- economic cuse
- economic curu
- economic curm
- economic cura
- economic curg
- e conomic cure
- ec onomic cure
- eco nomic cure
- econ omic cure
- econo mic cure
- econom ic cure
- economi c cure
- economic c ure
- economic cu re
- economic cur e
Etymology of ECONOMIC CURE
The term "economic cure" does not have a specific etymology since it seems to be a combination of two common words: "economic" and "cure". Here are the individual etymologies of these two words:
- Economic: The word "economic" derives from the Greek word "oikonomikos", which means "household management". It entered the English language from the Latin word "oeconomicus" in the mid-17th century, with the meaning of "relating to management or administration of a household".
- Cure: The word "cure" has a Latin origin, derived from the Latin word "cura", meaning "care, concern, or attention". It entered the English language in the late 13th century, with the primary sense of "medical care or treatment to restore health".
