economic chaos
/ɪˌkɒn.ə.mɪk ˈkoʊ.əs/ · e.co.nom.ic.cha.os
noun
- A state of economic disorder or instability, often resulting from a sudden or unexpected event, such as a financial crisis or a natural disaster. The economic chaos that followed the bank collapse led to widespread unemployment and poverty.
- A situation in which the normal functioning of an economy is severely disrupted, often due to a lack of resources, infrastructure, or institutional capacity. The war-torn country was plagued by economic chaos, making it difficult for aid organizations to deliver essential supplies.
Synonyms
economic instabilityfinancial crisiseconomic downturneconomic collapseeconomic disruptioneconomic stagnationeconomic turmoileconomic upheaval
Antonyms
Did you know? The concept of economic chaos has been explored in various economic theories, including the 'Great Depression' of the 1930s, which led to widespread economic instability and disorder.