| 释义 |
sub-economy
noun[ C ]
(alsosubeconomy)uk /ˈsʌb.iˌkɒn.ə.mi/ us /ˈsʌb.iˌkɑː.nə.mi/
a system of trade by which money is made and used within a limited area of activity:
A sub-economy has grown up around the online selling of arts and crafts.
The villagers created an entire subeconomy run exclusively by women, taking small loans to fund their projects.
The transfer of players from one club to another has become big business and a sub-economy of its own.
There is a buoyant sub-economy among the criminals in the city.
A new subeconomy has been identified, generated by the large number of people working from home during the pandemic.
SMART Vocabulary: related words and phrases
Economics
accommodative
anti-economic
anti-inflation
anti-inflationary
anti-recession
buyer's market
deindustrialization
economic
Great Recession
gross domestic product
HDI
human development index
industrialism
Keynesian
monetarism
monetary
recession
retrench
squeeze
the public purse
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