1. [ adjective ] (economics) of or relating to an economy, the system of production and management of material wealth
Synonyms: economical

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

Related terms: economy economy
2. [ adjective ] (economics) of or relating to the science of economics

"economic theory"

Related terms: 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"

Related terms: worldly
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"

Related terms: profitable
5. [ adjective ] using the minimum of time or resources necessary for effectiveness
Synonyms: economical

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

Related terms: efficient
Similar spelling:   economics