economic
adj.adj. relating to the system of money, trade, and industry in a country. You use it to talk about the way a society organizes its wealth and resources.
adj. relating to the production, distribution, and consumption of goods and services, or the material welfare of a country. Typically used to describe macro-level systems or policies rather than individual frugality.
The country is facing a serious economic crisis.
The government introduced new economic policies to help small businesses grow and create more jobs.
While the social benefits of the project were clear, the economic costs proved too high for the local council to justify in the current fiscal year.
From Middle French economique, from Latin oeconomicus, from Ancient Greek οἰκονομικός (oikonomikós, “skilled with household management”).
Typically placed before the noun it modifies. Often confused with 'economical'.
This car is very economic.This car is very economical.'Economic' refers to the economy of a country; 'economical' means something is good value or saves money.