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Economy; the system of production, distribution, and consumption of goods and services in a society
한국의 경제는 빠르게 성장하고 있다.
The Korean economy is growing rapidly.
Often used in formal contexts to discuss national or global economic conditions.
Finance; the management of money and resources, especially in a business or governmental context
회사의 경제 관리는 매우 중요하다.
Financial management is very important for the company.
In business contexts, it can refer to financial management or budgeting.
The meaning of '경제' can shift between macroeconomic systems and financial management—pay attention to the surrounding context.
In formal contexts, '경제' refers to the national or global economy, while in technical contexts, it often means financial management.
Derived from Chinese characters 經濟 (경제), meaning 'managing household affairs' or 'economy'.
In Korean, '경제' can refer to both macroeconomic systems and microeconomic financial management, depending on context.