Meaning & Definition of word "Economical"
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Economical
/ˌiː.kəˈnɑː.mɪ.kəl/
adjective:
- 1. giving good value or service in relation to the amount of money, time, or effort spent.
- Example: She chose an economical car that gets great gas mileage.
- 2. representing the efficient use of resources; not wasteful.
- Example: Their economical use of paper in the office reduced costs significantly.
- 3. avoiding the use of unnecessary expenditure; prudent.
- Example: He is very economical with his spending, always looking for the best deals.
- 4. conforming to the principles of economics; efficient.
- Example: The new manufacturing process was more economical than the previous methods.
- 5. related to or characterized by a concern for the efficiency of resources.
- Example: In an increasingly competitive market, being economical is key to survival.
Etymology
Derived from Old French 'économique', from Latin 'oeconomicus', from Greek 'oikonomikos' meaning 'relating to household management'.
Common Phrases and Expressions
economical in nature:
Being efficient and avoiding waste in resources.
economical with the truth:
Not completely forthcoming or being somewhat deceptive.
Related Words
economy:
The system of production and distribution and consumption.
frugal:
Sparing or economical as regards money or food.
cost-effective:
Economical in terms of the goods or services received for the money spent.
Slang Meanings of economical
Meaning: Budget-friendly
Example Sentence: This new café is totally budget-friendly; you can eat well without spending a lot.
Meaning: Money-saving
Example Sentence: Switching to LED bulbs is a money-saving move for your electricity bill.