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

archaic :  of or relating to a household or its management
:  economical 2
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>
:  having practical or industrial significance or uses :  affecting material resources

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


Other Economics Terms

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


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

Definition of ECONOMIC for Kids

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