economic Definition
- 1relating to the economy or economics
- 2relating to the production, distribution, and use of income, wealth, and commodities
Using economic: Examples
Take a moment to familiarize yourself with how "economic" can be used in various situations through the following examples!
Example
The government's economic policies have been successful in reducing unemployment.
Example
The company is facing some economic challenges due to the pandemic.
Example
The economic growth of the country has slowed down.
economic Synonyms and Antonyms
Synonyms for economic
- financial
- monetary
- commercial
- trade
- business
Antonyms for economic
- uneconomic
- non-economic
Phrases with economic
the process by which a nation improves the economic, political, and social well-being of its people
Example
The government is investing in infrastructure to promote economic development.
a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area
Example
Capitalism and socialism are two different types of economic systems.
economic sanctions
commercial and financial penalties applied by one or more countries against a targeted country, group, or individual
Example
The United States imposed economic sanctions on North Korea.
Origins of economic
from Greek 'oikonomikos', meaning 'skilled in household management'
Summary: economic in Brief
The term 'economic' [ˌiːkəˈnɒmɪk] refers to anything related to the economy or economics, including the production, distribution, and use of income, wealth, and commodities. It can be used to describe government policies, business challenges, and the growth of a country. Phrases like 'economic development' and 'economic system' denote processes and structures, while 'economic sanctions' refer to penalties applied by countries against others. Synonyms include 'financial' and 'monetary.'
