economic
adjective OPAL WOPAL S
/ˌiːkəˈnɒmɪk/, /ˌekəˈnɒmɪk/
/ˌiːkəˈnɑːmɪk/, /ˌekəˈnɑːmɪk/
- They discussed social, economic and political issues.
- economic growth/development
- the worst economic crisis since the war
- There will be no quick economic recovery.
- the government’s economic policy
- economic activity/cooperation/reform
- an economic downturn/slowdown
- A public spending programme is out of the question in the current economic climate.
Synonyms economiceconomic- financial
- commercial
- monetary
- budgetary
- economic connected with the trade, industry and development of wealth of a country, an area or a society:
- This book deals with the social, economic and political issues of the period.
- financial connected with money and finance:
- She had got into financial difficulties.
- Tokyo is a major financial centre.
- commercial connected with the buying and selling of goods and services.
- monetary (formal or finance) connected with money, especially all the money in a country:
- closer European monetary union
- budgetary (finance) connected with a budget (= the money available or a plan of how it will be spent).
- economic/financial/commercial/monetary/budgetary affairs/decisions
- the economic/financial/commercial/budgetary climate
- the economic/financial/commercial side of something
- a(n) economic/financial/commercial centre
Which Word? economic / economicaleconomic / economical- Economic means ‘connected with the economy of a country or an area, or with the money that a society or an individual has’:
- the government’s economic policy
- the economic aspects of having children
- Economical means ‘spending money or using something in a careful way that avoids waste’:
- It is usually economical to buy washing powder in large quantities.
Extra ExamplesTopics Moneyb1- Economic growth was fastest in Japan.
- She's a lecturer in economic history.
- The government's economic policy has been broadly successful.
- This book deals with the social, economic and environmental questions of the period.
- They discussed competitiveness in global economic markets.
- The current economic downturn has affected the city's art scene.
- The welfare state is inefficient in purely economic terms.
- The college was not achieving the numbers of students needed to make it economic.
- it is economic to do something They found it was not economic to sell their milk to the supermarkets.
- it is economic for somebody/something to do something It's simply not economic for these small farmers to start buying large amounts of expensive fertilizer.
Synonyms successfulsuccessful- profitable
- commercial
- lucrative
- economic
- successful making a lot of money, especially by being popular:
- The play was very successful on Broadway.
- The company has had another successful year.
- profitable making a profit:
- a highly profitable business
- commercial [only before noun] making or intended to make a profit:
- The movie was not a commercial success (= made no profit).
- lucrative (of business or work) producing or paying a large amount of money; making a large profit:
- They do a lot of business in lucrative overseas markets.
- economic (often used in negative sentences) (of a process, business or activity) producing enough profit to continue:
- Small local shops stop being economic when a supermarket opens up nearby.
- a successful/profitable/lucrative business
- a successful/profitable/lucrative year
- a(n) commercial/economic success
Extra Examples- The business was getting to the stage where it wasn't economic any longer.
- Small local shops stop being economic when a supermarket opens up nearby.
- These investment projects will become economic in a few years.
Word Originlate Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th cent.) ‘relating to household management’. Modern senses date from the mid 19th cent.