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Definition of economic adjective from the Oxford Advanced American Dictionary



/ˌɛkəˈnɑmɪk; ˌikəˈnɑmɪk/ economic pronunciation American
1 [only before noun] connected with the trade, industry, and development of wealth of a country, an area, or a societysocial, economic and political issueseconomic growth/cooperation/development/reformthe government's economic policyeconomic historythe current economic climate2 (of a process, a business, or an activity) producing enough profit to continue synonym profitable antonym uneconomic
Usage notesThesaurus: economicfinancial commercial monetary fiscalThese words all describe activities or situations that are connected with the use of money, especially by a business or country.economic connected with the trade, industry, and development of wealth of a country, an area, or a society: This book deals with the social, economic, and political issues of the connected with money and finance: She had gotten into financial difficulties. Tokyo is a major financial center.commercial connected with the buying and selling of goods and services: We rent both commercial and residential properties.monetary (formal or finance) connected with money, especially all the money in a country: The Federal Reserve Bank controls monetary policy in the U.S.fiscal (finance) connected with government or public money, especially taxes: The fiscal year begins in July.patternseconomic/financial/commercial/monetary/fiscal affairs/decisionsthe economic/financial/commercial/fiscal climatethe economic/financial/commercial side of somethingan economic/financial/commercial centerUsage notesWhich Word: economic economicalEconomic means “connected with the economy of a country or an area, or with the money that a society or an individual has”: the government’s economic policy the economic impact of having children⇨ see also economy 1Economical means “spending money or using something in a careful way that avoids waste”: It is usually more economical to buy washing powder in large quantities.⇨ see also economy 3