Economic
Pronunciation
- RP IPA: /ËŒiËkəˈnÉ’mɪk/
- GenAm IPA: /ˌɛkəˈnɑmɪk/
- Rhymes: -ɒmɪk
Alternative forms
- economick archaic
- Å“conomic archaic
- Å“conomick obsolete
Origin
From Middle French économique, from Latin oeconomicus.
Full definition of economic
Adjective
economic
- Pertaining to an economy.
- 2013-08-03, Boundary problems, Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.
- Frugal; cheap (in the sense of representing good value); economical.
- Pertaining to the study of money and its movement.
Usage notes
Modern usage prefers economic when describing the economy of a region or country (and when referring to personal or family budgeting).
Economical is preferred when referring to thrift or value for money.