Foundational Economy

Pronunciation: /faʊnˈdeɪʃənəl ˌɛkəˈnɑmi/

Definitions of foundational economy

noun A person, place, thing, or idea. In this case, 'economy' refers to the system of production, distribution, and consumption of goods and services in a society.

Example Sentences

A1 The foundational economy refers to the essential industries and services that support a community's basic needs.

A2 Understanding the foundational economy is important for grasping the key elements of a country's economic system.

B1 Local governments play a crucial role in supporting and promoting the foundational economy within their regions.

B2 Investing in infrastructure is vital for strengthening the foundational economy and ensuring long-term growth.

C1 Policy makers must consider the impact of their decisions on the foundational economy to maintain stability and prosperity.

C2 Research shows that a strong foundational economy is linked to higher levels of social well-being and economic resilience.

adjective Describing word that modifies a noun. In this case, 'foundational' describes the type of economy being referred to as basic or fundamental.

Example Sentences

A1 A foundational economy is essential for a strong community.

A2 Basic services like healthcare and education are part of the foundational economy.

B1 Local businesses play a key role in the foundational economy of a region.

B2 Investing in infrastructure is crucial for supporting the foundational economy.

C1 Government policies can have a significant impact on the development of the foundational economy.

C2 Sustainable practices are becoming more important in the context of the foundational economy.

Examples of foundational economy in a Sentence

formal The foundational economy refers to the essential sectors that provide the basis for a country's economic activity.

informal The foundational economy includes industries like healthcare, education, and agriculture that are crucial for society.

slang You can think of the foundational economy as the backbone of the country's financial system.

figurative Just like a building needs a strong foundation, a country's economy relies on a solid foundational economy to thrive.

Grammatical Forms of foundational economy

• past tense: established
• plural: foundational economies
• comparative: more foundational
• superlative: most foundational
• present tense: foundational economy
• future tense: will be foundational economy
• perfect tense: has been foundational economy
• continuous tense: is being foundational economy
• singular: foundational economy
• positive degree: foundational economy
• infinitive: to establish foundational economy
• gerund: establishing foundational economy
• participle: established foundational economy

Origin and Evolution of foundational economy

First Known Use: 2008 year

Language of Origin: English

Story behind the word: The term 'foundational economy' originated in the field of economics to describe the essential sectors and activities that form the basis of a society's economic system.

Evolution of the word: Initially used to highlight the importance of foundational sectors such as healthcare, education, and utilities, the concept of the foundational economy has evolved to encompass a broader range of essential goods and services that are fundamental to societal well-being and stability.