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economic

American  
[ek-uh-nom-ik, ee-kuh-] / ˌɛk əˈnɒm ɪk, ˌi kə- /

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 British  
/ 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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

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

Etymology

Origin of economic

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The eurozone’s unemployment rate in November unexpectedly declined for the first time in seven months, showing the labor market’s resilience despite last year’s uncertain economic environment.

From The Wall Street Journal

Yet, that could be hard for people living in rural areas far from a post office, says Elena Patel, a senior fellow in the economic studies program at the Brookings Institution.

From The Wall Street Journal

If maintained, Chinese restrictions on rare earths could cause the equivalent of about $17 billion in economic losses over the course of the year, according to Nomura Research Institute.

From The Wall Street Journal

Matthew Bartolini, State Street Investment Management’s global head of research, makes a case for finding the right ones for different economic environments in his Sector Business Cycle Analysis External link report, published in October.

From Barron's

Should prices fall for a sustained period, deflation could occur that hurts economic growth.

From The Wall Street Journal