economic

[ek-uh-nom-ik, ee-kuh-]

adjective

1. pertaining to the production, distribution, and use of income, wealth, and commodities.

2. of or relating to the science of economics.

3. pertaining to an economy, or system of organization or operation, especially of the process of production.

4. involving or pertaining to one's personal resources of money.

   to give up a large house for economic reasons.

5. pertaining to use as a resource in the economy.

   economic entomology; economic botany.

6. affecting or apt to affect the welfare of material resources.

   weevils and other economic pests.

7. economical.

economic

/ ˌɛkə-, ˌiːkəˈnɒmɪk /

adjective

1. of or relating to an economy, economics, or finance

   economic development

   economic theories

2. capable of being produced, operated, etc, for profit; profitable

   the firm is barely economic

3. concerning or affecting material resources or welfare

   economic pests

4. concerned with or relating to the necessities of life; utilitarian

5. a variant of economical

6. informal,  inexpensive; cheap

Other Word Forms

• antieconomic adjective
• noneconomic adjective
• preeconomic adjective
• quasi-economic adjective
• subeconomic adjective
• uneconomic adjective

Word History and Origins

Origin of economic¹

First recorded in 1585–95; from Middle French economique, from Latin oeconomicus, from Greek oikonomikós “relating to household management,” equivalent to oikonóm(os) “steward” (from oîko(s) “house” + nómos “manager”) + -ikos -ic

Example Sentences

The Conservatives have accused the Labour government of allowing the case to fail because it wanted to foster closer economic ties with Beijing.

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Some also worry it could depress the economy further at a time of weak economic growth.

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The watchdog's decision in March to including the government's planning reforms in its economic forecasts was a major boost to Reeves, as it increased growth forecasts by 0.2% of GDP.

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He, too, suggests staying the course, rather than reacting to market and economic trends, even in the face of a correction.

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Besides his bearish opinion on tech, given his stance on inflation and unsustainable deficits, he also doesn’t like bonds and thinks credit spreads are unjustifiably tight given the deteriorating economic outlook.

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Related Words

• budgetary www.thesaurus.com
• commercial 
• fiscal 
• industrial 
• monetary