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economic
01
relating to the production, distribution, and management of wealth and resources within a society or country
Examples
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.
02
of or relating to the science of economics
Examples
Economic theory explains market behavior.
She published a paper on economic models of trade.
03
making the most out of available resources by using them wisely and effectively to achieve the best possible results
Examples
They found an economic way to organize production.
The process was redesigned to be more economic.
04
financially rewarding
Examples
The investment was highly economic.
The contract is expected to be economic over the long term.
05
concerned with worldly necessities of life (especially money)
Examples
Economic pressures forced the family to move.
He made economic decisions regarding household expenses.
Lexical Tree
economical
macroeconomic
microeconomic
economic
economy
