macroeconomic
UK: ˌmæk.rəʊ.iː.kəˈnɒm.ɪk | US: ˌmæk.roʊ.iː.kəˈnɑː.mɪk
adj. relating to the large-scale economic systems of a country or region, including factors like inflation, unemployment, and GDP.
macroeconomic = macro<large-scale> + economic<relating to economy>
- macro (from Greek makros "long, large") → Refers to broad or systemic scale.
- economic (from Greek oikonomia "household management") → Pertaining to the production, distribution, and consumption of resources.
Etymology Origin:
The term merges Greek macro- (large) with economic, reflecting a shift from individual or localized economics (microeconomics) to national/global systems. Coined in the 20th century to address aggregate phenomena like growth and fiscal policy.
Macroeconomic policies aim to stabilize inflation and unemployment.
The report analyzes macroeconomic trends across Europe.
Fluctuations in GDP are key macroeconomic indicators.
She specializes in macroeconomic theory at the university.
The government introduced reforms to improve macroeconomic stability.