Economic Condition

Noun1.economic condition - the condition of finances
easy money - the economic condition in which credit is easy to secure
tight money - the economic condition in which credit is difficult to secure and interest rates are high
condition, status - a state at a particular time; "a condition (or state) of disrepair"; "the current status of the arms negotiations"
recession - the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
solvency - the ability to meet maturing obligations as they come due
insolvency - the lack of financial resources
credit crunch, liquidity crisis, squeeze - a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high
economic crisis, slump, depression - a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
full employment - the economic condition when everyone who wishes to work at the going wage-rate for their type of labor is employed
prosperity - an economic state of growth with rising profits and full employment
wealth, wealthiness - the state of being rich and affluent; having a plentiful supply of material goods and money; "great wealth is not a sign of great intelligence"
impoverishment, poorness, poverty - the state of having little or no money and few or no material possessions
shakeout - a financial condition that results in the elimination of marginally financed participants in an industry; "they glutted the market in order to cause a shakeout of their competitors"
wage setter - any financial condition or variable that serves to set wage rates

 

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