economic

word

/ˌɛkəˈnɑmɪk/
e-kuh-NAH-mik
/ˌiːkənˈɒmɪk/
ee-kuh-NO-mik

Definition

Related to money, business, the economy, or the management of resources. Often describes something that involves the production, distribution, or use of wealth.

Usage & Nuances

'Economic' describes issues, systems, or conditions related to an economy at large, not personal savings. Do not confuse with 'economical' (cheap/cost-saving). Common phrases: 'economic growth', 'economic crisis', 'economic policy'.

Example Sentences

Improving economic conditions helps everyone in society.

natural

New economic policies will be announced this week.

natural

The country is facing an economic problem.

basic

She studies economic history at university.

basic

There was an economic crisis last year.

basic

Tourism is an important economic activity for many countries.

natural