ECONOMIC MOBILISATION Meaning and
Definition
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Economic mobilisation refers to the coordinated efforts made by a government or organization to utilize and allocate resources, both human and material, in order to maximize economic output during times of crisis or in pursuit of specific economic objectives. It typically involves the central planning and organization of economic activities on a national or regional scale.
During times of war or national emergencies, economic mobilisation may involve the redirection of resources from non-essential sectors to essential sectors, such as defense or infrastructure development. This may include the drafting of labor, rationing, price controls, and the establishment of production quotas. The goal is to ensure the efficient allocation of resources to meet the urgent needs of the nation and promote economic stability.
In peacetime, economic mobilisation can be used to drive economic growth by strategically mobilizing resources towards industries or sectors that are deemed critical for development. This can be achieved through government policies such as targeted investment, tax incentives, or subsidies.
The concept of economic mobilisation is rooted in the idea of utilizing a nation's resources to their fullest potential. It emphasizes the deliberate coordination and planning of economic activities to achieve specific goals, whether those are immediate war efforts or long-term economic development objectives.
Common Misspellings for ECONOMIC MOBILISATION
- wconomic mobilisation
- sconomic mobilisation
- dconomic mobilisation
- rconomic mobilisation
- 4conomic mobilisation
- 3conomic mobilisation
- exonomic mobilisation
- evonomic mobilisation
- efonomic mobilisation
- edonomic mobilisation
- ecinomic mobilisation
- ecknomic mobilisation
- eclnomic mobilisation
- ecpnomic mobilisation
- ec0nomic mobilisation
- ec9nomic mobilisation
- ecobomic mobilisation
- ecomomic mobilisation
- ecojomic mobilisation
Etymology of ECONOMIC MOBILISATION
The word "economic" is derived from the Greek word "oikonomia", which means "management of a household". It is a combination of "oikos" meaning "house" and "nomos" meaning "law" or "management". Over time, "oikonomia" evolved to mean the management and distribution of resources on a larger scale, specifically referring to a country's or region's resources.
"Mobilisation" is derived from the Latin word "mobilis", meaning "movable" or "capable of movement". It is a combination of "mobilis" and the suffix "-tion" which denotes an action or process. "Mobilisation" refers to the process of assembling and organizing resources, specifically in the context of a country's economic resources.
