Category: EconomyPart of speech: nounDifficulty: IntermediateRecommended for ★ UPSC
экономика
/ekonomika/Roman
English meaning: Economy
Definition
The system of production and consumption of goods and services. Russia is the world's 11th largest economy, heavily dependent on hydrocarbon exports (oil and gas account for 40% of budget revenue). Russia-India bilateral trade has grown rapidly since 2022 Western sanctions, with India buying discounted Russian oil. The India-Russia special and privileged strategic partnership is a key UPSC topic.
Example
“Россия является крупнейшим поставщиком нефти и газа в мире.”
In English: “Russia is the world's largest supplier of oil and gas.”
Literary Heritage
“Деньги — это чеканная свобода.”
/Den'gi — eto chekanennaya svoboda./
“Money is coined freedom.”
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Language information
- Language
- Русский
- Russian
- Script
- Cyrillic
- Family
- Slavic
- Speakers
- 260M