economic doubt JUST WRITTEN FOR YOU
/ɪˌkɒn.ə.mɪk ˈdaʊt/ · e.co.nom.ic.dout
noun
- A feeling of uncertainty or skepticism regarding the principles or theories of economic systems. The economic doubt surrounding the new policy led to a significant delay in its implementation.
- A lack of confidence in the stability or effectiveness of an economic system. The economic doubt in the country's currency led to a sharp decline in investor confidence.
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Did you know? The concept of economic doubt has been explored in various economic theories, including the Austrian School's concept of 'uncertainty' and the Keynesian concept of 'animal spirits'.