economic
e
ˌɛ
e
co
no
ˈnɑ
naa
mic
mɪk
mik
British pronunciation
/ˌiːkənˈɒmɪk/

Definition & Meaning of "economic"in English

economic
01

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

economic definition and meaning
example
Examples
Rising unemployment rates were a major economic concern during the recession.
02

pertaining to the study or science of economics

example
Examples
Economic theory explains market behavior.
03

achieving effectiveness while using the minimum necessary time, effort, or resources

example
Examples
They found an economic way to organize production.
04

providing financial gain

example
Examples
The investment was highly economic.
05

related to practical, worldly needs or material wealth, especially money

example
Examples
Economic pressures forced the family to move.
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