economic


economic
economic ec‧o‧nom‧ic [ˌekəˈnɒmɪk◂, ˌiː- ǁ -ˈnɑː-] adjective [only before a noun]
1. ECONOMICS COMMERCE relating to or involving economics, money, finance, industry, trade etc:

• The economic climate (= general state of the economy ) is not likely to improve significantly in the current year.

• The country is facing a severe economic crisis.

• The government is trying to promote political stability and economic growth.

• What are the prospects for economic recovery?

2. a business or an investment that is economic produces enough profit to make it worth continuing with:

• Oilfields that are not economic today may become considerably more attractive when oil prices increase.

* * *

economic UK US /ˌiːkəˈnɒmɪk/, /ˌekəˈnɒmɪk/ adjective
ECONOMICS relating to trade, industry, and money: economic conditions/situation »

The plan also recognized the need to react to the challenging economic conditions facing football clubs around the world.

economic boom/expansion/upswing »

Employers faced record-low unemployment levels during the economic boom.

economic downturn/slowdown »

The government-subsidized corporation may run into trouble in an economic downturn.

economic collapse/crisis/depression »

This legislation aims to pull the country out of economic crisis by giving tax breaks for companies to hire more workers.

economic recovery/regeneration »

He was instrumental in providing the framework for post-war economic recovery.

»

economic change/reform

economic benefits/interests »

These laws serve to protect our long-range security and economic interests.

»

economic data/figures/statistics

»

economic factor/issue/problem

»

economic equality/inequality/justice

»

They discussed the consequences of the banking crisis for US economic policy.

»

The Chancellor's chief economic adviser yesterday made what might be his last budget briefing to journalists.

»

She warned this would lead to a decline in economic performance and poorer public services.

»

Government-led investment in infrastructure and technology aims to boost individual consumption and economic competitiveness.

»

Some consider the foundations of economic freedom to be personal choice, voluntary exchange, and open markets.

»

We could put more pressure on the private sector to create more economic opportunities for minorities.

COMMERCE making a profit, or likely to make a profit: »

We had to close our London office - with the rent so high it just wasn't economic.

NATURAL RESOURCES not using a lot of money, fuel, etc.: »

It's often more economic to buy office supplies in bulk.

See also ECONOMICAL(Cf. economical)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • economic — I adjective cost effective, cost reducing, economical, labor saving, money saving, time saving, thrifty associated concepts: economic activity, economic conditions, economic depression, economic groups, economic factors, economic interest,… …   Law dictionary

  • Economic — E co*nom ic (?; 277), Economical E co*nom ic*al, a. [F. [ e]conomique, L. oeconomicus orderly, methodical, Gr. ? economical. See {Economy}.] 1. Pertaining to the household; domestic. In this economical misfortune [of ill assorted matrimony.]… …   The Collaborative International Dictionary of English

  • economic — ECONÓMIC, Ă, economici, ce, adj. 1. Care aparţine economiei, privitor la economie; economicesc. 2. (Şi adv.) Care cere puţine cheltuieli, care permite economii; ieftin, convenabil, economicos. – Din fr. économique. Trimis de LauraGellner,… …   Dicționar Român

  • economic — economic, economical 1. These are both adjectives answering to the word economy: economic in the meanings ‘relating to economics’ and ‘frugal, characterized by good economy’, and economical in the meaning ‘sparing in the use of resources’. An… …   Modern English usage

  • economic — [ek΄ə näm′ik, ē΄kənäm′ik] adj. [L oeconomicus < Gr oikonomia: see ECONOMY] 1. of or having to do with the management of the income, expenditures, etc. of a household, business, community, or government 2. of or having to do with the production …   English World dictionary

  • economic — 1590s, pertaining to management of a household, perhaps shortened from ECONOMICAL (Cf. economical) or from Fr. économique or directly from L. oeconomicus of domestic economy, from Gk. oikonomikos practiced in the management of a household or… …   Etymology dictionary

  • economic — [adj] business related; financial bread and butter*, budgetary, commercial, fiscal, industrial, material, mercantile, monetary, money making, pecuniary, productive, profitable, profit making, remunerative, solvent, viable; concepts 334,536 …   New thesaurus

  • economic — ► ADJECTIVE 1) relating to economics or the economy. 2) justified in terms of profitability …   English terms dictionary

  • economic — /ek euh nom ik, ee keuh /, adj. 1. pertaining to the production, distribution, and use of income, wealth, and commodities. 2. of or pertaining to the science of economics. 3. pertaining to an economy, or system of organization or operation, esp.… …   Universalium

  • economic — adjective 1 (only before noun) connected with trade, industry, and the management of money: strategies to promote economic growth | It makes no economic sense at all! | economic climate (=conditions affecting trade, industry, and business) 2 an… …   Longman dictionary of contemporary English


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