American English

Definition of economic adjective from the Oxford Advanced American Dictionary



    , NAmE//ˌikəˈnɑmɪk//
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  1. 1[only before noun] connected with the trade, industry, and development of wealth of a country, an area, or a society social, economic and political issues economic growth/cooperation/development/reform the government's economic policy economic history the current economic climate
  2. 2(of a process, a business, or an activity) producing enough profit to continue synonym profitable opposite uneconomic Thesauruseconomicfinancial commercial monetary fiscalThese words all describe activities or situations that are connected with the use of money, especially by a business or country.economic connected with the trade, industry, and development of wealth of a country, an area, or a society:This book deals with the social, economic, and political issues of the connected with money and finance:She had gotten into financial difficulties. Tokyo is a major financial center.commercial connected with the buying and selling of goods and services:We rent both commercial and residential properties.monetary (formal or finance) connected with money, especially all the money in a country:The Federal Reserve Bank controls monetary policy in the U.S.fiscal (finance) connected with government or public money, especially taxes:The fiscal year begins in July.Patterns economic/financial/commercial/monetary/fiscal affairs/decisions the economic/financial/commercial/fiscal climate the economic/financial/commercial side of something an economic/financial/commercial center
Which Word?economic / economical Economic means “connected with the economy of a country or an area, or with the money that a society or an individual has”:the government’s economic policy the economic impact of having children Economical means “spending money or using something in a careful way that avoids waste”:It is usually more economical to buy washing powder in large quantities.
See the Oxford Advanced Learner's Dictionary entry: economic