Economic
volume
British pronunciation/ˌiːkənˈɒmɪk/
American pronunciation/ˌɛkəˈnɑmɪk/, /ˌikəˈnɑmɪk/

Definition & Meaning of "economic"

economic
01

relating to the production, distribution, and management of wealth and resources within a society or country

economic definition and meaning
02

of or relating to the science of economics

03

making the most out of available resources by using them wisely and effectively to achieve the best possible results

04

financially rewarding

05

concerned with worldly necessities of life (especially money)

economic

adj

economy

n

economical

adj

economical

adj

macroeconomic

adj

macroeconomic

adj

microeconomic

adj

microeconomic

adj
example
Example
Economic indicators such as GDP growth rate and inflation rates provide insights into the health of an economy.
Economic inequality remains a significant challenge in many countries, affecting access to opportunities and resources.
Rising unemployment rates were a major economic concern during the recession.
The economic impact of the pandemic led to widespread job losses and reduced consumer spending.
Economic initiatives evolved opportunities for entrepreneurship and job creation in underdeveloped regions.
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