Concept information
Preferred term
economic transformation
Definition
- The term economic transformation is often used in economics vocabulary, though it is not defined in the discipline's textbooks and dictionaries. In general, the term refers to structural changes in the economic, monetary, and financial systems of states, which are generated by passing from one mode of production to another or by the transition of one model of development to another. [Source: International Encyclopedia of Political Science; Transformation, Economic]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_transformation
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