economic research
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economic research
The scientific study and analysis of economic relationships, processes, and developments. It aims to explain economic phenomena, make forecasts, and provide recommendations for action to policymakers and businesses.
Die Institute für Wirtschaftsforschung haben ihre Konjunkturprognose für das nächste Jahr gesenkt.
The institutes for economic research have lowered their economic forecast for next year.
The word is made up of 'Wirtschaft' (economy; in the genitive 'Wirtschafts-') and 'Forschung' (research). It literally means 'research of the economy' or 'research about the economy.'
Die Wirtschaftsforschung analysiert das ökonomische Verhalten von Menschen und Staaten.
Economic research analyzes the economic behavior of people and states.
'Wirtschaftsforschung' (economic research) is a technical term used mainly in academic, political, and journalistic contexts. It rarely occurs in everyday colloquial speech.
Die Ergebnisse der Wirtschaftsforschung sind für die Regierung sehr wichtig.
The results of economic research are very important for the government.
A very common combination is 'Institut für Wirtschaftsforschung' (institute for economic research). The typical verb associated with this activity is 'Wirtschaftsforschung betreiben' (to conduct economic research).
Mehrere große Institute in Deutschland betreiben unabhängige Wirtschaftsforschung.
Several large institutes in Germany conduct independent economic research.
economics
'die Wirtschaftswissenschaft' and 'die Wirtschaftsforschung' both have to do with academic work on the economy. 'Wirtschaftswissenschaft' refers more to the whole subject or field of study, economics. 'Wirtschaftsforschung' more strongly means the concrete study of economic developments, for example using data, analyses, and forecasts. The words can be confused because research is part of science. When talking about the subject in general, 'Wirtschaftswissenschaft' fits; when talking about studies, analyses, or predictions, 'Wirtschaftsforschung' is more precise.
Die Wirtschaftsforschung untersucht, warum die Preise in diesem Jahr steigen.
Economic research examines why prices are rising this year.
Nach dem Gespräch liest Tom ein Buch über Wirtschaftswissenschaft.
After the conversation, Tom reads a book about economics.