Membel
German NOUN B2 Rank 5200

die Ökonomie

economy / economics

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Meanings

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die Ökonomie

economy

The entire economic system of a country or region, including the production, distribution, and consumption of goods and services. A synonym for 'Wirtschaft' (economy).

example

Die digitale Transformation verändert die globale Ökonomie grundlegend.

Digital transformation is fundamentally changing the global economy.

Visual example for Ökonomie: die Ökonomie

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synonym · confusable

Ökonomie vs Wirtschaft

economy / pub

'die Wirtschaft' and 'die Ökonomie' can both mean the economic system of a country or region. In this sense, they are very similar. 'Wirtschaft' is very common in everyday language, in the news, and in politics. 'Ökonomie' often sounds somewhat more formal or academic. The words can be confusing because in many texts they can mean the same thing. However, you have to pay attention to the context: 'Wirtschaft' can also mean a pub/tavern or household management. 'Ökonomie' can also mean the academic field of economics or economical behavior. For the general economic system, both work, but 'Wirtschaft' usually sounds more natural in everyday language.

Visual example for Wirtschaft
Ökonomie

Im Kurs sprechen wir über die Ökonomie Europas.

In the course, we are talking about Europe's economy.

Wirtschaft

Die Regierung will die Wirtschaft mit neuen Investitionen stärken.

The government wants to strengthen the economy with new investments.

Open full lesson: Wirtschaft →

In real life

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