Definition of Economic impact:
A macroeconomic effect on commerce, employment, or incomes produced by a decision, event, or policy.
How to use Economic impact in a sentence?
- The economic impact of the Federal Reserves decision to raise interest rates will be measured in part by unemployment statistics for the ensuing quarter.
- The implementation of the new policy and the decisions made by the company had an adverse economic impact on commerce in the metropolitan area.
- You should follow the news closely and see if there is anything happening that may have a big economic impact .
Meaning of Economic impact & Economic impact Definition