economic
[adjective]
Synonyms:
- financial, commercial, industrial
- profitable, money-making, productive, profit-making, remunerative, viable
- inexpensive, cheap, low-priced, modest, reasonable

---

English Thesaurus: financial, economic, fiscal, monetary, budgetary, ...

[TahlilGaran] English Synonym Dictionary ▲

ec‧o‧nom‧ic S2 W1 AC /ˌekəˈnɒmɪk◂, ˌiː- $ -ˈnɑː-/ adjective
[Word Family: noun: economics, economist, economy; adjective: economic, economical ≠ UNECONOMIC(AL), economy; verb: economize; adverb: economically ≠ uneconomically]

1. [only before noun] relating to trade, industry, and the management of money ⇒ economy:
Economic growth is slow.
the government’s economic policy
Economic reform is needed.
In the current economic climate (=conditions), we must keep costs down.

2. an economic process, activity etc produces enough profit for it to continue Synonym : profitable Antonym : uneconomic:
It is no longer economic to run the service.
HINT:
► Do not confuse with economical (=cheap or not wasteful).

[TahlilGaran] Dictionary of Contemporary English ▲

economic

economic activity (=the amount of buying, selling etc in a country or area)
This year we have seen an upturn in global economic activity.
economic growth/development (=when businesses become more successful)
We have enjoyed a period of steady economic growth.
an economic slowdown/downturn (=when businesses become less successful)
Experts are predicting an economic slowdown at the beginning of next year.
economic recession (=a period during which a country or area has a lot of problems with its economy)
People are scared they will lose their homes if there is an economic recession.
an economic crisis (=a situation in which there are a lot of problems with the economy, that must be dealt with quickly so the situation does not get worse)
The country’s economic crisis continues to deepen as workers demonstrated against rising food prices.
economic recovery (=the process in which an economic situation improves after a period of failing)
There are now signs of economic recovery in the region.
economic problems
The country’s continuing economic problems could lead to recession.
the economic system (=the way in which the economy of a country or area is organized)
There are fears that the country’s whole economic system could collapse.
an economic policy (=the way in which a government manages the economy of a country or area)
Controlling inflation is the main aim of the government’s economic policy.
economic reform (=a set of changes made to an economy in order to improve it)
The government agreed to a programme of economic reform.
the economic climate (=the general economic conditions in a country or area)
In the current economic climate, a lot of people are trying to save more and spend less.
economic sanctions (=laws that stop trade with another country, as a way of forcing its leaders to make political changes)
The UN threatened economic sanctions against the regime.
economic performance (=how well a company, country, or economy is doing)
How do you explain this poor economic performance over the last few years?
economic factor (=a factor involving money or the economy that affects a situation)
Complex economic and social factors have contributed to the rise in violent crime.
an economic indicator (=something that shows how well the economy of a country is doing, and what is likely to happen to it in the future)
The main economic indicators show that the economy is still in decline.

[TahlilGaran] Collocations Dictionary ▲

economic
adjective
1.
BAD: The main aim is to develop the country's economic.
GOOD: The main aim is to develop the country's economy.

Usage Note:
ECONOMIC · ECONONOMICAL · ECONOMICS · ECONOMIST ·ECONOMY · INEXPENSIVE · SAVINGS
Economic means connected with the economy of a country or region; ‘The country’s economic growth is considered to be too slow.’
Economical describes something that is cheaper to use or operate than something similar: ‘The house has a very economical heating system.’ ‘Gas or electricity? Which is more economical?’ ‘The large size is more economical.’
Economics is (1) the study of how money is earned, spent and controlled within a country: ‘He’s now in his second year at Oxford, studying economics.’ ‘an economics graduate’ (2) the financial aspects of something: ‘the economics of dairy farming’
Economist An economist is an expert in economics: ‘Economists remain undecided about what action should be taken.’
Economy means (1) the financial and business system that exists in a country, which aims to produce wealth: ‘The government’s management of the economy has been severely criticised.’ (2) a way of reducing the amount of money that is spent: ‘The first economy to be introduced by the new government involved the reduction of fuel consumption.’ (3) (used as a modifier) money-saving: ‘Buy the giant economy size and save money!’
Inexpensive If something is inexpensive , it costs less than you might expect: ‘This excellent but inexpensive hotel can be thoroughly recommended.’ ‘Denmark is famous for its friendly people and inexpensive accommodation.’
Savings is money saved over a period of time, usually by a person or family: ‘I’m paying for the course out of my own savings.’ ‘She invested her life savings in the new business.’

---

2.
BAD: Travelling around Spain is easy and economic.
GOOD: Travelling around Spain is easy and inexpensive.

Usage Note:
See Language Note above

[TahlilGaran] Dictionary of Common Errors ▲

financial relating to money or the management of money:
businesses that provide personal financial services
the financial problems of old age
economic relating to the money of a country, area, or society, and the way it is earned, spent, and controlled:
American voters were anxious for a change in economic policy.
an economic crisis
fiscal [only before noun] formal relating to the money, debts, tax etc that are owned and managed by the government:
fiscal control
The Indian government is trying to reduce the fiscal deficit.
monetary [only before noun] formal relating to money, especially all the money in a country, and how it is managed:
The Bank of Thailand has retained a tight monetary policy.
the European Monetary System
budgetary [only before noun] formal relating to the official plan of how the money of a country or organization is spent:
City officials are facing tough budgetary decisions.
the process of budgetary control

[TahlilGaran] English Thesaurus ▲