Leaving all your lights on all the time is an uneconomical, or wasteful. Rewriting this sentence using five hundred words would be an uneconomical, or inefficient, use of language.
You may think you've made an uneconomical choice when you spend too much money on dinner, but sometimes the government gets criticized for being uneconomical with taxpayer money for spending several hundred dollars on a special type of paperweight or screwdriver that could have been purchased for much less.