Meaning & Definition of Economic in English

1. Of or relating to an economy, the system of production and management of material wealth

• "Economic growth"

• "Aspects of social, political, and economical life"

2. Of or relating to the science of economics

• "Economic theory"

3. Using the minimum of time or resources necessary for effectiveness

• "An economic use of home heating oil"

• "A modern economical heating system"

• "An economical use of her time"

4. Concerned with worldly necessities of life (especially money)

• "He wrote the book primarily for economic reasons"

• "Gave up the large house for economic reasons"

• "In economic terms they are very privileged"

5. Financially rewarding

• "It was no longer economic to keep the factory open"

• "Have to keep prices high enough to make it economic to continue the service"