economic
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/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
Examples
Rising unemployment rates were a major economic concern during the recession.
02

pertaining to the study or science of economics

Examples
Economic theory explains market behavior.
03

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

Examples
They found an economic way to organize production.
04

providing financial gain

Examples
The investment was highly economic.
05

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

Examples
Economic pressures forced the family to move.
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