die Volkswirtschaft, -en
economics · national economy
The German word "Volkswirtschaft" is a noun that translates to "national economy" or "public economy". It is a compound word made up of "Volk" (people or nation) and "Wirtschaft" (economy or business). "Volkswirtschaft" refers to the economic system or economic activities of an entire nation, including its industries, resources, and consumer behavior.
Similar terms include "Ökonomie" (economy), "Wirtschaftswissenschaft" (economic science), and "Staatswirtschaft" (state economy).
The distinction lies in the scope: "Volkswirtschaft" specifically emphasizes the collective economic activities and interactions of the people within a nation, while "Ökonomie" can refer to economies in general, and "Wirtschaftswissenschaft" focuses on the study and science of economic principles and theories.
Make “Volkswirtschaft” part of your vocabulary.
Build your German vocabulary with flashcards, audio and spaced repetition.
Examples
Die Volkswirtschaft eines Landes ist sehr wichtig.noun
The economics of a country is very important.
Man kann viel über die Volkswirtschaft lernen.noun
One can learn a lot about the national economy.
Keep exploring German
Learn words from the content you love.
Add words from websites, books and videos, then remember them with spaced repetition (SRS).
Scan for iPhone & iPad