economic
- 01 B2 Upper Intermediate
making enough money to be worth doing.
capable of being maintained or justified by profit; financially viable.
Simple“The coal mine was closed because it was no longer economic to run.”
In context“The company decided that the project was no longer economic given the rising costs of raw materials and labor.”
SynonymsAntonymsuneconomicunprofitable - 02 B2 Upper Intermediate
related to the science or study of how money and trade work.
relating to the academic discipline of economics.
Simple“She is reading a book about different economic theories.”
In context“The professor presented a new economic model that accounts for the impact of climate change on global trade routes.”
economic vs economical — Economic describes the system of trade and finance, while economical describes saving money or resources.
economic vs financial — Economic describes the systems of trade and industry; financial describes the actual money and funding.
Usage economic activity · economic advantage · economic analysis
From Middle French economique, from Latin oeconomicus, from Ancient Greek οἰκονομικός (oikonomikós, “skilled with household management”).
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.