Definition of ECONOMIC

Adjective : ECONOMIC

Source: WordNet 3.1

  • 1. (

    ) of or relating to an economy, the system of production and management of material wealth; "economic growth"; "aspects of social, political, and economical life" ;

  • 2. (

    ) of or relating to the science of economics; "economic theory" ;

  • 3. (

    ) using the minimum of time or resources necessary for effectiveness; "an economic use of home heating oil"; "a modern economical heating system"; "an economical use of her time" ;

  • 4. (

    ) concerned with worldly necessities of life (especially money); "he wrote the book primarily for economic reasons"; "gave up the large house for economic reasons"; "in economic terms they are very privileged" ;

  • 5. (

    ) financially rewarding; "it was no longer economic to keep the factory open"; "have to keep prices high enough to make it economic to continue the service" ;

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