Definition Definition

economic - Meaning and Examples

Meaning of 'economic' (Webster Dictionary)

1 . Economic [ a.]
- Alt. of Economical

Meaning of 'economic' (Princeton's WordNet)

1 . economic [ a]
Meaning (1):
- of or relating to an economy, the system of production and management of material wealth
Example in sentence:
  • aspects of social, political, and economical life;
  • economic growth
Meaning (2):
- of or relating to the science of economics
Example in sentence:
  • economic theory
3 . economic [ s]
Meaning (3):
- using the minimum of time or resources necessary for effectiveness
Example in sentence:
  • a modern economical heating system;
  • an economic use of home heating oil;
  • an economical use of her time
Meaning (4):
- concerned with worldly necessities of life (especially money)
Example in sentence:
  • gave up the large house for economic reasons;
  • he wrote the book primarily for economic reasons;
  • in economic terms they are very privileged
Meaning (5):
- financially rewarding
Example in sentence:
  • have to keep prices high enough to make it economic to continue the service;
  • it was no longer economic to keep the factory open