economic ignorance JUST WRITTEN FOR YOU
/ɛkəˈnɒmɪk ɪɡˈnɒrəns/ · e.co.nom.ig.nor.ance
noun
- A lack of understanding or knowledge about economic principles, concepts, and theories. The professor attributed the economic ignorance of the students to the outdated textbook.
- A state of being uninformed or misinformed about economic issues and policies. The politician's economic ignorance was evident in her proposal to raise taxes on small businesses.
adjective
- Characterized by a lack of understanding or knowledge about economic principles, concepts, and theories. The economic ignorance of the policy was evident in its unrealistic assumptions about market behavior.
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Did you know? The term 'economic ignorance' is often used to describe the lack of understanding about economic principles among the general public, which can lead to poor decision-making and policy choices.