economic

1 of 1adjective

/ˌɛkəˈnɑmɪk/

1

relating to the production, distribution, and management of wealth and resources within a society or country

B2

Rising unemployment rates were a major economic concern during the recession.
The economic impact of the pandemic led to widespread job losses and reduced consumer spending.
They studied the economic impact of tourism in the region.
Economic inequality remains a significant challenge in many countries, affecting access to opportunities and resources.
The report highlights the economic disparities between urban and rural areas.

Synonyms:

2

pertaining to the study or science of economics

Economic theory explains market behavior.
She published a paper on economic models of trade.
Economic analysis is used to predict inflation.
The university offers courses in economic thought.
Economic research informs policy decisions.

3

achieving effectiveness while using the minimum necessary time, effort, or resources

They found an economic way to organize production.
The process was redesigned to be more economic.
Economic use of materials reduces waste.
She devised an economic solution to the problem.
The new workflow is highly economic in time and effort.

Synonyms:

4

providing financial gain

The investment was highly economic.
The contract is expected to be economic over the long term.
The project proved economic for the company.
Selling the property was an economic decision.
The business model is both efficient and economic.

5

related to practical, worldly needs or material wealth, especially money

Economic pressures forced the family to move.
He made economic decisions regarding household expenses.
Economic security is a major concern for many citizens.
The loan helped improve their economic situation.
Economic hardships shaped his career choices.