Share this entry

Share this page

economic

Syllabification: ec·o·nom·ic
Pronunciation: /ˌekəˈnämik
 
, ˌēkəˈnämik
 
/

Definition of economic in English:

adjective

1Of or relating to economics or the economy: the government’s economic policy pest species of great economic importance
More example sentences
  • Negotiations have been complicated by court rulings over economic policy.
  • The two political leaders conduct their argument on the margins of economic policy.
  • Getting the public finances back into balance must be a key objective of economic policy.
1.1(Of a subject) considered in relation to trade, industry, and the creation of wealth: economic history
More example sentences
  • Economics and lessons from economic history suggest that this may well be the case.
  • This book can be used with profit to grasp the essentials of British financial and economic history in these years.
  • Ethnic relations in Saint Lucia are a product of the economic history of the island.
Synonyms
2Justified in terms of profitability: many organizations must become larger if they are to remain economic
More example sentences
  • The recipe of conditions that will make collaboration economic must have not yet come together.
  • It is, of course, part of the problem that we do not have an economic immigration policy.
2.1Requiring fewer resources or costing less money: solar power may provide a more economic solution
More example sentences
  • Many car parks are going because high land prices make building flats more economic.
Synonyms
cheap, inexpensive, low-cost, economical, cut-rate, discount, bargain

Origin

late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia (see economy). Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th century) 'relating to household management' Modern senses date from the mid 19th century.

Usage

Economic means ‘concerning economics’: he’s rebuilding a solid economic base for the country’s future. Economical is commonly used to meanthrifty, avoiding waste’: small cars should be inexpensive to buy and economical to run.

Definition of economic in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?