economic foundation
Fiscal base structure
Economic foundation refers to the underlying financial and productive structures that support a society, organization, or system.
It encompasses the basic elements—resources, industries, labor, capital—on which economic activity rests: Agriculture formed the economic foundation of the region for centuries.
The term often appears in discussions of development or stability: Without a solid economic foundation, the reforms couldn't succeed.
- infrastructureBasic physical systems
- capitalismPrivate profit-based economy
- baseSupporting bottom structure
- bedrockSolid stone underground
- solid groundStable surface beneath
building blocks · wealth · industry · trade · market · resources · labor · working class · production · stability · safety net · growth · prosperity · bottom line · bread and butter · commerce · supply chain · roots
economic foundationsuperstructure
Construction above the base
state apparatus · ideology · legal system · political institutions · religion
economic foundationeconomic collapse
Catastrophic failure of finances
economic instability · structural weakness · house of cards · shaky ground
economic, foundation, economy, economics, economical, economically, economist, economists, economies