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
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