Definition of «economic illiteracy»

The phrase "economic illiteracy" refers to a lack of understanding or knowledge about how the economy works. It means not knowing basic concepts like supply and demand, inflation, or the impact of government policies on the economy. It can lead to making uninformed decisions or holding incorrect beliefs about economic issues.

Sentences with «economic illiteracy»

David Miliband, the foreign secretary, also accused David Cameron of economic illiteracy by likening the British economy to that of Greece. (theguardian.com)
With millions unemployed, and hundreds of thousands more under - employed in part - time work, growth ripped out of the public sector and fear contaminating the private sector, this government has, through economic illiteracy, conjured up the storm that is battering our country. (politics.co.uk)
By Per Bylund * What is it with economic illiteracy and writing in the media? (eurasiareview.com)
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