Meaning of 'economic'

adjective

using the minimum of time or resources necessary for effectiveness

Example: "an economic use of home heating oil"

Synonyms: economical

adjective

financially rewarding

Example: "it was no longer economic to keep the factory open"

adjective

concerned with worldly necessities of life, especially money

Example: "They wrote the book primarily for economic reasons."

adjective

of or relating to the science of economics

Example: "economic theory"

adjective

of or relating to an economy, the system of production and management of material wealth

Example: "economic growth"

Synonyms: economical