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Meaning & Definition of Economic in English

English

Economic

/ɛkənɑmɪk/

adjective

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"
    synonym:
  • economic
  • ,
  • economical

2. Of or relating to the science of economics

  • "Economic theory"
    synonym:
  • economic

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"
    synonym:
  • economic
  • ,
  • economical

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"
    synonym:
  • economic

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"
    synonym:
  • economic

Examples of using

Is the GOP to blame for the current economic crisis?
Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.
If only I'd sold that property before the economic bubble burst I wouldn't have lost all that money.