Definition of economic in English:


Line breaks: eco|nom¦ic
Pronunciation: /ˌiːkəˈnɒmɪk
, ɛk-/


1Relating to economics or the economy: the government’s economic policy
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.
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.
cost-effective, effective, efficient, energy-efficient, fuel-efficient, energy-saving, worthwhile, valuable, advantageous, cheap, inexpensive, low-cost, low-price, low-budget, budget, economy, reasonable, reasonably priced, cut-price


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.

Definition of economic in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day flippant
Pronunciation: ˈflɪp(ə)nt
not showing a serious or respectful attitude