economic — ozdic

Definitions

adj

1

Pertaining to an economy.

Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.

There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat.

2

Frugal; cheap (in the sense of representing good value); economical.

3

Pertaining to the study of money and its movement.

4

Pertaining to the management of a household

And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve

Collocations

5

ADJ.

against, bad, defined, diverse, drastic, ethnic, poor, primary

The government announced drastic economic reforms to address the financial crisis.

VERB + ECONOMIC

achieving, buffer, result, spur, studied

The new trade policy helped spur economic growth in the region.

ECONOMIC + NOUN

conditions, education, implementation, japan, organization, policy, realm, situation

The government announced a new economic policy to help struggling businesses recover from the pandemic.

PREP.

during, from, in, in

Many families struggled to pay their bills during the economic crisis of 2008.

ADV.

such

Such economic pressures forced many small businesses to close during the pandemic.

Thesaurus

Synonyms

adjective — using the minimum of time or resources necessary for effecti

economical

adjective — of or relating to an economy, the system of production and m

economical

Antonyms

Idioms & Phrases

Example Bank

6

01

Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measu

Wiktionary

02

There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from wit

Wiktionary

03

And doth employ her Oeconomick Art, and buisy Care, her Houshold to preserve

Wiktionary

04

More money for education will spur economic growth.

Tatoeba · #19132

05

We should not use foreign workers as a buffer against Japan's economic slowdown.

Tatoeba · #21873

06

We studied the government's economic policy.

Tatoeba · #22865

Usage Notes

i Register

In some senses, economic is marked as obsolete. Watch for register when choosing this word.