die Volkswirtschaft
Translation
national economy, economics
Examples
Die deutsche Volkswirtschaft ist sehr stark.
The German national economy is very strong.
Er studiert Volkswirtschaft an der Universität.
He is studying economics at the university.
Grammar Patterns
the national economy ((of a country)) Die deutsche Volkswirtschaft wächst.
Similar Words
Synonyms: Nationalökonomie, Wirtschaft
Etymology
Composed of 'Volk' (people, nation) and 'Wirtschaft' (economy). Literally means 'people's economy'.
Memory Tips
Think of 'Volkswagen' (people's car). 'Volk' means 'people' or 'nation', so 'Volkswirtschaft' is the economy of the nation.