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economic

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

Simple Definition of economic

  • : 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. 1 archaic :  of or relating to a household or its management

  2. 2 :  economical 2

  3. 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. 4 :  having practical or industrial significance or uses :  affecting material resources

  5. 5 :  profitable

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.



1592

First Known Use of economic

1592


ECONOMIC Defined for Kids

economic

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

Definition of economic

  1. 1 :  of or relating to the study of economics <economic theories>

  2. 2 :  relating to or based on the making, selling, and using of goods and services <The program promoted economic growth.>





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