Economic Adaptability
/ˌiːkəˈnɒmɪk əˌdæptəˈbɪləti/
Definitions
- (n.) The capacity of an economic system, entity, or jurisdiction to adjust and reorganize in response to legal, regulatory, or market changes to maintain stability and growth.
The region's economic adaptability was crucial in sustaining employment after new trade regulations were implemented.
Forms
- economic adaptability
Related terms
See also
Commentary
Economic adaptability in legal contexts often focuses on how laws and policies accommodate or hinder economic shifts, highlighting the importance of flexible legal frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.