Dictionary

economic

adjective eco·nom·ic \ˌe-kə-ˈnä-mik, ˌē-kə-\

: relating to an economy : relating to the process or system by which goods and services are produced, sold, and bought

: relating to the science of economics

Full Definition of ECONOMIC

1
archaic :  of or relating to a household or its management
2
:  economical 2
3
a :  of or relating to economics <economic theories>
b :  of, relating to, or based on the production, distribution, and consumption of goods and services <economic growth>
c :  of or relating to an economy <a group of economic advisers>
4
:  having practical or industrial significance or uses :  affecting material resources
5

Examples of ECONOMIC

  1. a program to prevent inflation and economic collapse
  2. the President's chief economic adviser
  3. We're looking for a more economic way of doing business.

First Known Use of ECONOMIC

1592

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer
ECONOMIC Defined for Kids

economic

adjective eco·nom·ic \ˌe-kə-ˈnä-mik, ˌē-\

Definition of ECONOMIC for Kids

1
:  of or relating to the study of economics <economic theories>
2
:  relating to or based on the making, selling, and using of goods and services <The program promoted economic growth.>
July 04, 2015
stringent Hear it
rigorous, strict, or severe
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