|1.||[ adjective ] (economics) of or relating to an economy, the system of production and management of material wealth|
"economic growth" "aspects of social, political, and economical life"
|Related terms:||economy economy|
|2.||[ adjective ] (economics) of or relating to the science of economics|
|3.||[ adjective ] 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"
|4.||[ adjective ] (business) 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"
|5.||[ adjective ] 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"