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Brics

💡 Words with a Similar Meaning to "Brics"

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WordDefinition
bricnounAny of those four countries.
emerging marketnoun(economics, finance, also attributive) A relatively less-developed country or other trading region undergoing significant growth in production, consumption, or foreign investment.
developing countrynoun(economics) A country with low to medium income although substantial industrialization; (sometimes derogatory) a country with less industrial base, and thus often consequently widespread poverty and low Human Development Index (HDI).
economic growthnoun(economics) The growth of the economic output of a country.
convergencenounThe act of moving toward union or uniformity.
developed countrynoun(economics) A high-income country with an advanced, industrialized economy.
piiigsnoun(economics) Portugal, Italy, Ireland, Iceland, Greece and Spain, grouped on the basis of their large debts during the European sovereign debt crisis.
piiggsnoun(economics) Portugal, Italy, Ireland, Greece, Great Britain (UK) and Spain, grouped on the basis of their high indebtedness during the European sovereign debt crisis.
midmarketnounAlternative form of mid-market. [(economics) The market in mid-priced commodities.]
world banknounA group of five financial organizations whose purpose is economic development and the elimination of poverty.
reserve banknoun(Australia, India, New Zealand, South Africa, and other countries) A central bank.
catch-up effectnoun(economics) The hypothesis that poorer economies will tend to have faster rates of economic growth than richer ones.
economic capitalnoun(economics) Real or financial capital, or both combined.
infant industrynoun(economics) A new industry, one in its earlier stages unable to keep up or compete against global competitors.
big fournounAny group of four major or largest corporations in a given industry, especially when such a small group has oligopoly or near-oligopoly.
macroeconomynounA large-scale economy.
faangnoun(technology) One or more of the technology companies Facebook, Apple, Amazon, Netflix and Google.
federal reservenoun(US, economics) The Federal Reserve System.
fangnounA long, pointed canine tooth used for biting and tearing flesh.
business indexnoun(economics) Ellipsis of ease of doing business index. [(economics) An index created by the World Bank, where higher rankings indicate better, usually simpler regulations for businesses and stronger protections of property rights.]

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