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relating to the production, distribution, and management of wealth and resources within a society or country
- Rising unemployment rates were a major economic concern during the recession.
- The economic impact of the pandemic led to widespread job losses and reduced consumer spending.
- They studied the economic impact of tourism in the region.
- Economic inequality remains a significant challenge in many countries, affecting access to opportunities and resources.
- The report highlights the economic disparities between urban and rural areas.
Synonyms:
2
pertaining to the study or science of economics
- Economic theory explains market behavior.
- She published a paper on economic models of trade.
- Economic analysis is used to predict inflation.
- The university offers courses in economic thought.
- Economic research informs policy decisions.
3
achieving effectiveness while using the minimum necessary time, effort, or resources
- They found an economic way to organize production.
- The process was redesigned to be more economic.
- Economic use of materials reduces waste.
- She devised an economic solution to the problem.
- The new workflow is highly economic in time and effort.
Synonyms:
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providing financial gain
- The investment was highly economic.
- The contract is expected to be economic over the long term.
- The project proved economic for the company.
- Selling the property was an economic decision.
- The business model is both efficient and economic.
5
related to practical, worldly needs or material wealth, especially money
- Economic pressures forced the family to move.
- He made economic decisions regarding household expenses.
- Economic security is a major concern for many citizens.
- The loan helped improve their economic situation.
- Economic hardships shaped his career choices.