Economically refers to matters related to the production, consumption, and transfer of wealth within a society. It encompasses factors such as income, employment, trade, and economic growth.
Related terms
Income disparity: The unequal distribution of income among individuals or households within a specific population.
Market economy: An economic system in which the production and distribution of goods and services are determined by supply and demand in the marketplace.
Globalization: The increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas on a global scale.