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economic

UK/ˌiːkəˈnɒmɪk/US/ˌɛkəˈnɑmɪk/
adjectiveB1+Common in everyday speech and writing · #3,675 of 15,258mostly written

Economic means to do with money, trade and the wealth of a country. Economic growth, economic policy, economically viable.

It is worth separating from economical, which means thrifty: an economic decision is about the economy and an economical one saves money. Economics as a subject is the study of choices under scarcity. The Greek behind it means household management.

Definitions of economic

  1. 1adjectiveeconomicTo do with money, trade and national wealth.B1+

    “The country is facing serious economic problems, with rising prices and few jobs.”

economic is a quality of money and trade.

Where it comes from

Greek oikonomikos means of household management, from oikos, a house, plus nemein, to manage. Ecology shares the house.

  1. Proto-Indo-European

    *weyḱ-

  2. Middle English

    economike

  3. English, today

    economic

Built from

  • iconomique · Middle English — household management

From Middle English economike, from Middle English iconomique, from Old French iconomike, from Latin oeconomicus. The is derived from Middle English economike, iconomique (“household management”), and then:

Etymology from Wiktionary, CC BY-SA

Practise this word

economic in the wild

  • Most of the existing economies in the world today are mixed economies that combine elements of free markets with state intervention and, in some cases, economic planning.

    Capitalism

  • The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe.

    European Union

  • GDP is often used to measure the economic activity of a country or region.

    Gross domestic product

  • A country may rank high in GDP but still experience jobless growth depending on its planned economic structure and strategies.

    Gross domestic product

  • The term is largely absent from economics journals.

    Neoliberalism

1 / 2

From Wikipedia, CC BY-SA 4.0. These sentences were written by other people about their own subjects; they are here to show the word at work, not as anybody’s opinion.

Related words

the iconomique family

economiceconomics

economic — used about once every 665 pages · #3,675 · point at the bar for the others

  • home economics