economic theory

nouns

(economics) a theory of commercial activities (such as the production and consumption of goods)
economic theory
is a part of
the branch of social science that deals with the production and distribution and consumption of goods and services and their management
economic science, economics, political economy
is a type of (narrower)
a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena
"theories can incorporate facts and laws and tested hypotheses"; "true in fact and theory"
theory