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

Princeton's WordNetRate this definition:2.8 / 9 votes

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"

WiktionaryRate this definition:5.0 / 1 vote

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

WikipediaRate this definition:0.0 / 0 votes

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).

ChatGPTRate this definition:0.0 / 0 votes

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 DictionaryRate this definition:3.7 / 3 votes

1. Economicadjective

   alt. of Economical

FreebaseRate this definition:5.0 / 1 vote

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 ContributionRate this definition:0.0 / 0 votes

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

Anagrams for economic »

1. oncomice

How to pronounce economic?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

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. Atheendar Venkataramani:

   The study is important because it shows that when economic opportunities collapse, it not only has consequences for people's economic wellbeing but it might adversely affect their health too, economic opportunity matters for our health, and as the forces that are shifting economic opportunities for people are continuing to evolve, we have to think about how policies can both make people resilient -- from a health sense -- to the negative changes that might happen, and we also have to think about what types of policies on the economic side may actually give people opportunities, which may also bolster their health.

2. Med Jones:

   I do not understand why some would call me an economic oracle. Although I correctly foretasted key economic events in the past 10 years, the truth is that any economic forecasting model can become useless with the change of just one variable. And if we learned anything from experience, the only constant in markets is change. The first rule of economic forecasting is to understand that it is a science of probability not a science of certainty.

3. Pope Pius XI:

   It violates right order whenever capital so employees the working or wage-earning classes as to divert business and economic activity entirely to its own arbitrary will and advantage without, the social character of economic life, social justice, and the common good.

4. Syafrudin Anhar:

   Muhammadiyah is now in the middle of a struggle between a capitalist economic system and a socialist economic system, the world will not reach peace and prosperity through political intrigue, but rather through economic balance.

5. John Kenneth Galbraith, The Affluent Society (1958):

   People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development.... But we are coming to realize... that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.

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