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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
Grammatical Information
Composition
Compound
relational
ungradable
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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