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 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 hardships can strip individuals of their savings and financial security.
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