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."

Primary Meanings of economic

1.
adj
of or relating to an economy, the system of production and management of material wealth
2.
adj
using the minimum of time or resources necessary for effectiveness
Full Definitions of economic
1

adj of or relating to an economy, the system of production and management of material wealth

economic growth”
Synonyms:
economical

adj of or relating to the science of economics

economic theory”

adj 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
2

adj 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

adj 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

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