What does Economic mean?

Definitions for Economic
ˌɛk əˈnɒm ɪk, ˌi kə-eco·nom·ic

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Economic.

Princeton's WordNet

  1. economic, economicaladjective

    of or relating to an economy, the system of production and management of material wealth

    "economic growth"; "aspects of social, political, and economical life"

  2. economicadjective

    of or relating to the science of economics

    "economic theory"

  3. economic, economicaladjective

    using the minimum of time or resources necessary for effectiveness

    "an economic use of home heating oil"; "a modern economical heating system"; "an economical use of her time"

  4. economicadjective

    concerned with worldly necessities of life (especially money)

    "he wrote the book primarily for economic reasons"; "gave up the large house for economic reasons"; "in economic terms they are very privileged"

  5. economicadjective

    financially rewarding

    "it was no longer economic to keep the factory open"; "have to keep prices high enough to make it economic to continue the service"

Wiktionary

  1. economicadjective

    pertaining to an economy

  2. economicadjective

    frugal; cheap (in the sense of representing good value); economical.

  3. economicadjective

    pertaining to the study of money and its movement

Wikipedia

  1. economic

    An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology, innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) such as, that which produces intellectual property and changes in industrial relations (most notably child labor being replaced in some parts of the world with universal access to education).

ChatGPT

  1. economic

    Economic refers to anything related to the production, distribution, and consumption of goods and services. It relates to the systems or activities through which goods and services are produced and made available to people, and how resources are allocated or managed. It can also refer to the financial or monetary affairs of a state, organization, or individual.

Webster Dictionary

  1. Economicadjective

    alt. of Economical

Wikidata

  1. Economic

    The Economic was a British three-wheeled cyclecar made from 1919 to 1922 by Economic Motors of Wells Street, London, W1. It was, at £60, almost certainly the cheapest car on the British market at the time. The car had a single front wheel and no suspension, relying on the tyres and the flexibility of its ash frame to absorb road bumps. The two seater body was very simple with no windscreen or weather protection. The bodywork was minimal. The 165 cc, air-cooled, flat twin two-stroke engine drove the right-hand rear wheel by chain, and a variable-speed friction drive transmission was used, giving two forwards speeds and reverse. A top speed of 30 mph was claimed. A motorcycle using the same engine, also with friction drive, was also offered for £28 10 shillings.

Editors Contribution

  1. economic

    Of or relating to the economy.

    The economic effect is manageable and people, businesses and organizations are very understanding, we are united and support each other proactively.


    Submitted by MaryC on April 3, 2020  

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'Economic' in Spoken Corpus Frequency: #349

  2. Written Corpus Frequency

    Rank popularity for the word 'Economic' in Written Corpus Frequency: #1330

  3. Adjectives Frequency

    Rank popularity for the word 'Economic' in Adjectives Frequency: #36

How to pronounce Economic?

How to say Economic in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of Economic in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of Economic in Pythagorean Numerology is: 5

Examples of Economic in a Sentence

  1. David Adams:

    Given the current economic and political uncertainty, these sales levels remain pretty impressive.

  2. Neil Saunders:

    The bigger companies that have more money, more economic clout because they place more orders, definitely have more scope to mitigate [ supply chain constraints ], smaller chains just don't have that economic power.

  3. Mike Pompeo:

    China has reaffirmed its commitment to honoring the U.N. Security Council resolutions. Those have mechanisms for relief contained in them, and we agreed that at the appropriate time that those would be considered, but we have made very clear that the sanctions and the economic relief that North Korea will receive will only happen after the full denuclearization, the complete denuclearization of North Korea.

  4. South Korean Foreign Ministry:

    The decision also leaves Moon Jae-in isolated ahead of Moon Jae-in planned trip to Pyongyang next month. Both Seoul's approach on economic and threat reduction and the South Korean Foreign Ministry nuclear talks would benefit from being integrated.

  5. John Coates:

    Next year, in 2021, if Japan is anywhere like the rest of the world, there is an economic downturn, a recession maybe, these Games are a very positive opportunity for an economic stimulus, these Games can be how you kickstart the economy again. These Games could be the re-birth of the tourism industry, these Games could provide opportunities for hotel operators, for your airlines.

Popularity rank by frequency of use

Economic#1#861#10000

Translations for Economic

From our Multilingual Translation Dictionary

Get even more translations for Economic »

Translation

Find a translation for the Economic definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"Economic." Definitions.net. STANDS4 LLC, 2024. Web. 28 Feb. 2024. <https://www.definitions.net/definition/Economic>.

Discuss these Economic definitions with the community:

0 Comments

    Are we missing a good definition for Economic? Don't keep it to yourself...

    Image or illustration of

    Economic

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    indecision in speech or action
    • A. encumbrance
    • B. wavering
    • C. serendipity
    • D. hunch

    Nearby & related entries:

    Alternative searches for Economic: