economic

If you describe something as economic, then it relates to the economy. And the economy? It's all about money, honey.

The adjective economic, meaning “pertaining to management of a household,” first developed in the 1590’s and might remind you of "Home Economics" classes where you once learned to cook and sew. Usually though, we use economic to describe things relating to finance. It’s not the same as financial, but if you’re talking about a town or country whose finances are in dire straits, it’s ok to say "economic ruin."

Definitions of economic
  1. adjective
    of or relating to an economy, the system of production and management of material wealth
    economic growth”
    synonyms: economical
  2. adjective
    of or relating to the science of economics
    economic theory”
  3. adjective
    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”
    Synonyms:
    secular, temporal, worldly
    characteristic of or devoted to the temporal world as opposed to the spiritual world
  4. adjective
    using the minimum of time or resources necessary for effectiveness
    “an economic use of home heating oil”
    synonyms: economical
    efficient
    being effective without wasting time or effort or expense
  5. adjective
    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”
    Synonyms:
    profitable
    yielding material gain or profit
Commonly confused words

economic / economical

Economic is all about how money works, but something economical is a good deal. You might take an economic studiesclass to understand the ebb and flow of cash in the world, but if you buy a used textbook for it, you’re being economical.

Continue reading...

Word Family
EDITOR’S CHOICE

Test prep from the experts

Boost your test score with programs developed by Vocabulary.com’s experts.

  • Proven methods: Learn faster, remember longer with our scientific approach.
  • Personalized plan: We customize your experience to maximize your learning.
  • Strategic studying: Focus on the words that are most crucial for success.

SAT/PSAT

$29.95
  • Number of words: 500+
  • Duration: 8 weeks or less
  • Time: 1 hour / week

TOEFL

$29.95
  • Number of words: 500+
  • Duration: 10 weeks or less
  • Time: 1 hour / week

ACT

$29.95
  • Number of words: 700+
  • Duration: 10 weeks
  • Time: 1 hour / week