An economic trend refers to a general direction or pattern in which an economy is moving over time. It can involve changes in factors such as employment rates, consumer spending, inflation, or GDP growth.
Related terms
Industrialization: Industrialization refers to the process of transforming an economy from primarily agrarian-based to one based on manufacturing and industry.
Globalization: Globalization is the increasing interconnectedness and integration of economies, cultures, and societies worldwide through trade, communication, and technology.
Inflation: Inflation refers to a sustained increase in general price levels leading to a decrease in purchasing power over time.