Económico (en. Economic)

/e-koˈni-ko/

Meaning & Definition

EnglishSpanish
adjective
That implies a saving of resources or expenses.
We chose an economical option for the vacation.
Elegimos una opción económica para las vacaciones.
That is beneficial in financial terms.
It is more economical to travel by train than by plane.
Es más económico viajar en tren que en avión.
That refers to the system or science studying the production and distribution of goods.
Economic analysis is vital in decision-making.
El análisis económico es vital en la toma de decisiones.

Etymology

From the Greek 'oikonomikos', which means 'related to the management of the household'.

Common Phrases and Expressions

Economies of scale
Reduction of costs due to increased production.
economía de escala
Economic crisis
Situation of recession and financial difficulties in a country.
crisis económica
Economic expenditure
Execution of resources in a prudent manner.
gasto económico

Related Words

Economist
Person dedicated to the study of economics.
economista
Economy
Social science that studies the production, distribution, and consumption of goods.
economía
Economic-social
That relates economic and social aspects.
económico-social

Slang Meanings

Econo
That car is very 'econo' because it consumes little gasoline.
Ese coche es muy 'econo' porque consume poca gasolina.
Economic
We are looking for an 'economic' place to live.
Buscamos un lugar 'económico' para vivir.