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1. Dictionary

   economic

   /ˌiːkəˈnɒmɪk/

   adjective

   • 1. relating to economics or the economy: "the government's economic policy"
   • ▪ (of a subject) considered in relation to trade, industry, and the creation of wealth: "economic history" Similar financialmonetarypecuniarybudgetaryfiscalcommercialtrademercantile
   • 2. justified in terms of profitability: "many organizations must become larger if they are to remain economic" Similar profitableprofit-makingmoneymakingmoney-spinninglucrativeremunerativefinancially rewardingfruitfulgainfulproductivesolventviablecost-effectivesuccessfulcommercialcommercially successfulOpposite unprofitable
   • ▪ requiring fewer resources or costing less money: "solar power may provide a more economic solution" Similar cost-effectiveeffectiveefficientenergy-efficientfuel-efficientenergy-savingfuel-savingworthwhilevaluableadvantageouscheapinexpensivelow-costlow-pricelow-budgetbudgeteconomyreasonablereasonably pricedcut-priceOpposite extravagant

   Word Origin 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.

   Scrabble Points: 14

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   More definitions, origin and scrabble points

2. www.investopedia.com › terms › eEconomics Defined with Types, Indicators, and Systems

   www.investopedia.com › terms › e

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   Jun 28, 2024 · Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the two branches of economics, microeconomics and macroeconomics, and the key indicators and systems that measure and shape the economy.

3. dictionary.cambridge.org › dictionary › englishECONOMIC | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   Learn the meaning of economic as an adjective relating to trade, industry, or money, or as a noun meaning the science of economics. See how to use economic in sentences and compare it with economical.

4. www.merriam-webster.com › dictionary › economicEconomic Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › economic

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   Learn the meaning of economic as an adjective related to the production, distribution, and consumption of goods and services, or to the science of economics. See synonyms, examples, word history, and related phrases of economic.

5. Videos

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     investopedia.com

     Economy: What It Is, Types of Economies, Economic Indicators

     31 Dec 2008

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     Economics : Concept and Definitions, economics explained, economics meaning, micro economics bcom

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6. www.britannica.com › money › economicsEconomics | Definition, History, Examples, Types, & Facts ...

   www.britannica.com › money › economics

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   Sep 18, 2024 · Learn about investing, household finance, retirement, companies, and more from Britannica Money. Find clear and reliable information, verified to Britannica's standards, on various topics related to finance and economics.

7. en.wikipedia.org › wiki › EconomicsEconomics - Wikipedia

   en.wikipedia.org › wiki › Economics

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   Economics (/ ˌɛkəˈnɒmɪks, ˌiːkə -/) [ 1 ][ 2 ] is a social science that studies the production, distribution, and consumption of goods and services. [ 3 ][ 4 ] Economics focuses on the behaviour and interactions of economic agents and how economies work.

8. www.dictionary.com › browse › economicECONOMIC Definition & Meaning | Dictionary.com

   www.dictionary.com › browse › economic

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   Economic means relating to the production, distribution, and use of income, wealth, and commodities. It also refers to the science of economics, the welfare of material resources, and the necessities of life.

9. dictionary.cambridge.org › english › economicECONOMIC | definition in the Cambridge English Dictionary

   dictionary.cambridge.org › english › economic

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   ECONOMIC meaning: 1. relating to trade, industry, or money: 2. making a profit, or likely to make a profit: 3…. Learn more.