economic meaning

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economic adjective
1. of or relating to an economy, the system of production and management of material wealth
Related: economical
  • "economic growth"
  • "aspects of social, political, and economical life"
2. of or relating to the science of economics
  • "economic theory"
3. using the minimum of time or resources necessary for effectiveness
Related: economical
  • "an economic use of home heating oil"
  • "a modern economical heating system"
  • "an economical use of her time"
4. 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"
5. 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"
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