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1Relating to economics or the economy.‘the government's economic policy’‘pest species of great economic importance’
- ‘Negotiations have been complicated by court rulings over economic policy.’
- ‘There are different views about the importance of regulating global economic processes.’
- ‘Getting the public finances back into balance must be a key objective of economic policy.’
- ‘Talk of new economic policies and tangible tax cuts are welcome - and perhaps overdue.’
- ‘The two political leaders conduct their argument on the margins of economic policy.’
- ‘They are often viewed as agents responsible for the changing world economic, political, and social order.’
- ‘At present, the United States is the dominant world economic and technological power.’
- ‘Even given Japan's overall economic recovery, investing in real estate remains a gamble.’
- ‘High-tech industries threatened to leave California, thus jeopardizing the state's new economic prosperity.’
- ‘The potential scenarios are endless, but all are economic in nature.’
- ‘Moreover, the political situation, worsened by great economic hardship, remained extremely tense.’
- ‘Argentina has been crippled for months by the worst economic crisis in its history.’
- ‘Thus we can expect economic down cycles caused by oil shortages and higher prices to happen very fast.’
- ‘We should remember that economic downturns, accounting irregularities and even geopolitical issues are nothing new.’
- ‘There is no question that economic sanctions contributed to this result, but at what price?’
- ‘It represents the Union's first effort to develop a common policy in a major economic sphere.’
- ‘The world is in a great economic crisis.’
- ‘As a result, the government's purely economic reforms lacked boldness after this dramatic overture.’
- ‘We learned that economic sanctions over a long period of time and patient diplomacy can work.’
- ‘Productivity levels of the skilled and educated labour force are still high despite the current economic down turn.’
- 1.1 (of a subject) considered in relation to trade, industry, and the creation of wealth.‘economic history’
financial, monetary, pecuniary, budgetary, fiscal, commercial, trade, mercantileView synonyms
- ‘This book can be used with profit to grasp the essentials of British financial and economic history in these years.’
- ‘Economics and lessons from economic history suggest that this may well be the case.’
- ‘Ethnic relations in Saint Lucia are a product of the economic history of the island.’
2Justified in terms of profitability.‘many organizations must become larger if they are to remain economic’
profitable, profit-making, moneymaking, money-spinning, lucrative, remunerative, financially rewarding, fruitful, gainful, productiveView synonyms
- ‘The recipe of conditions that will make collaboration economic must have not yet come together.’
- ‘It is, of course, part of the problem that we do not have an economic immigration policy.’
- 2.1 Requiring fewer resources or costing less money.‘solar power may provide a more economic solution’
cost-effective, effective, efficient, energy-efficient, fuel-efficient, energy-saving, fuel-saving, worthwhile, valuable, advantageous, cheap, inexpensive, low-cost, low-price, low-budget, budget, economy, reasonable, reasonably priced, cut-priceView synonyms
- ‘Many car parks are going because high land prices make building flats more economic.’
Economic means 'concerning economics': he's rebuilding a solid economic base for the country's future. Economical is commonly used to mean 'thrifty, avoiding waste': small cars should be inexpensive to buy and economical to run
Late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia (see economy). Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th century) ‘relating to household management’. Modern senses date from the mid 19th century.
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