basic economical theory meaning

Adjective: economical    `eeku'nómikul Using the minimum of time or resources necessary for effectiveness "a modern economical heating system"; "an econom...

Causing deception or misunderstanding by revealing only a selection of available information; [American slang] Euph. untruthful.    The mayor was known to be economical with ...

Adjective: basic    beysik Pertaining to or constituting a base or basis "a basic fact"; "the basic ingredients"; "basic changes in public opini...

Adverb: in theory With regard to fundamentals although not concerning details - in principle , in essence ; [American slang] according to a theory; theoretically.   ...

Noun: theory    thee(u)ree A well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of cir...

[Computer] < language > A version of BASIC for Apple computers.

Noun: basic assumption An assumption that is basic to an argument - constatation , self-evident truth Derived forms: basic assumptions Type of: assumption , supposal , ...

[Computer] Early system on IBM 7070. Listed in CACM 2(5):16 (May 1959).

[Law] See COMPENSATION.

[Finance] In a balance of payments, the basic balance is the net balance of the combination of the current account and the capital account.