ECONOMIC MOBILIZATION Meaning and
Definition
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Economic mobilization refers to the process by which a country or a specific sector of its economy prepares and organizes its resources to maximize production and meet the demands of a specific goal or purpose. It involves the efficient allocation and utilization of various economic inputs, including labor, capital, raw materials, and energy sources, to achieve desired outcomes.
During times of war, economic mobilization typically involves the redirection of resources toward the production of military goods and services. It typically entails the expansion and reorganization of industries to meet the increased demand for military equipment, weaponry, and supplies. This may include the increase in production capacity, the establishment of new factories, the reallocation of labor forces, and the implementation of policies aimed at rationing or conserving necessary resources.
Economic mobilization can also occur during times of economic crisis or national emergencies such as natural disasters. In these situations, the goal is to quickly respond to the urgent needs of the affected population by efficiently deploying resources to restore services, rebuild infrastructure, and provide relief and support.
The success of economic mobilization relies heavily on effective coordination and collaboration between governments, industries, and various stakeholders. It requires strategic planning, policy interventions, and the implementation of measures aimed at fostering productivity, innovation, and resource allocation efficiency.
Overall, economic mobilization is a multifaceted process that aims to ensure the optimal utilization of resources to achieve specific economic objectives, often in response to pressing national or global circumstances.
Common Misspellings for ECONOMIC MOBILIZATION
- wconomic mobilization
- sconomic mobilization
- dconomic mobilization
- rconomic mobilization
- 4conomic mobilization
- 3conomic mobilization
- exonomic mobilization
- evonomic mobilization
- efonomic mobilization
- edonomic mobilization
- ecinomic mobilization
- ecknomic mobilization
- eclnomic mobilization
- ecpnomic mobilization
- ec0nomic mobilization
- ec9nomic mobilization
- ecobomic mobilization
- ecomomic mobilization
- ecojomic mobilization
Etymology of ECONOMIC MOBILIZATION
The word "economic" originates from the Greek word "oikonomikos" meaning "relating to household management". It is derived from the word "oikonomia" which combines "oikos" (household) and "nomos" (law or management).
The term "mobilization" comes from the Latin word "mobilis", meaning "movable" or "capable of being moved". It is derived from the verb "mobilisare" which means "to put into motion".
When these two terms are combined, "economic mobilization" refers to the process of organizing and utilizing economic resources, such as labor, capital, and production, in order to meet the demands and goals of a nation during a time of war, crisis, or emergency.
Similar spelling words for ECONOMIC MOBILIZATION
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