Economic - definition, pronunciation, transcription

Amer.  |ˌiːkəˈnɑːmɪk|  American pronunciation of the word economic
Brit.  |ˌiːkəˈnɒmɪk|  British pronunciation of the word economic

adjective

- using the minimum of time or resources necessary for effectiveness(syn: economical)

an economic use of home heating oil
a modern economical heating system
an economical use of her time

- 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

- 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

Examples

A program to prevent inflation and economic collapse

The President's chief economic adviser

We're looking for a more economic way of doing business.

Economic growth is slow.

Economic reform is needed.

In the current economic climate (=conditions), we must keep costs down.

It is no longer economic to run the service.

Arab Fund for Economic and Social Development

Council of Economic Advisors

Council of Economic Arab Unity

Economic Community of Central African States

Economic Community of West African States

Economic Cooperation Organization

Economic Stabilization Fund

Economic Support Fund

See also:  WebsterWiktionaryLongman