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economic

Syllabification: (ec·o·nom·ic)

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Definition of economic

adjective

  • 1of or relating to economics or the economy:the government’s economic policy pest species of great economic importance
  • (of a subject) considered in relation to trade, industry, and the creation of wealth:economic history
  • 2justified in terms of profitability:many organizations must become larger if they are to remain economic
  • requiring fewer resources or costing less money:solar power may provide a more economic solution

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

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.

economic in other Oxford dictionaries

Definition of economic in the British & World English dictionary