The Opposite(Antonym) of “uneconomic”
The antonym of uneconomic is economic, profitable, and cost-effective. The antonyms economic, profitable, and cost-effective convey a positive or beneficial economic state. It implies a gain or benefit in terms of money, resources, or time.
Explore all Antonyms of “uneconomic”
- economic
- profitable
- cost-effective
Definitions and Examples of economic, profitable, cost-effective
Learn when and how to use these words with these examples!
Relating to the production, distribution, and consumption of goods and services; efficient and profitable.
Example
The company's economic growth was due to its innovative products and cost-cutting measures.
profitable
Producing a financial gain or benefit; yielding profit or revenue.
Example
Investing in real estate can be profitable if done wisely and with a long-term perspective.
cost-effective
Producing the desired result at a reasonable cost; efficient in terms of resources used.
Example
Using solar panels for energy is cost-effective in the long run, as it reduces electricity bills and carbon footprint.
Key Differences: economic vs profitable vs cost-effective
- 1Economic refers to the efficient and profitable use of resources in the production, distribution, and consumption of goods and services.
- 2Profitable denotes the ability to produce a financial gain or benefit, usually in terms of revenue or profit.
- 3Cost-effective describes a process or action that produces the desired result at a reasonable cost, often by using resources efficiently.
Effective Usage of economic, profitable, cost-effective
- 1Business and Finance: Use these antonyms to describe the financial state of a company or investment.
- 2Environmental Science: Incorporate these antonyms to discuss the economic and ecological impact of different practices and technologies.
- 3Politics and Policy: Utilize these antonyms to analyze the economic consequences of policies and decisions.
Remember this!
The antonyms have distinct nuances: Economic refers to efficient and profitable use of resources, profitable denotes financial gain or benefit, and cost-effective describes efficient use of resources to produce desired results. Use these words to describe the financial state of a company or investment, discuss the economic and ecological impact of different practices and technologies, and analyze the economic consequences of policies and decisions.