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)

example
Example
examples
Economic factors can impact social mobility and access to opportunities within society.
Economic hardships can strip individuals of their savings and financial security.
The sudden drop in stock prices connotes economic instability in the market.
Economic uncertainties often deflate consumer confidence.
Economic downturns can deprive individuals of job opportunities and financial stability.
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