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1. Dictionary

   economic

   /ˌiːkəˈnɒmɪk/

   adjective

   • 1. relating to economics or the economy: "the government's economic policy"
   • ▪ (of a subject) considered in relation to trade, industry, and the creation of wealth: "economic history" Similar financialmonetarypecuniarybudgetaryfiscalcommercialtrademercantile
   • 2. justified in terms of profitability: "many organizations must become larger if they are to remain economic" Similar profitableprofit-makingmoneymakingmoney-spinninglucrativeremunerativefinancially rewardingfruitfulgainfulproductivesolventviablecost-effectivesuccessfulcommercialcommercially successfulOpposite unprofitable
   • ▪ requiring fewer resources or costing less money: "solar power may provide a more economic solution" Similar cost-effectiveeffectiveefficientenergy-efficientfuel-efficientenergy-savingfuel-savingworthwhilevaluableadvantageouscheapinexpensivelow-costlow-pricelow-budgetbudgeteconomyreasonablereasonably pricedcut-priceOpposite extravagant

   Word Origin late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia (see economy). Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th century) ‘relating to household management’. Modern senses date from the mid 19th century.

   Scrabble Points: 14

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2. www.investopedia.com › terms › eEconomics Defined with Types, Indicators, and Systems -...

   www.investopedia.com › terms › e

   • Cached

   Jun 28, 2024 · Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the branches, indicators, and systems of economics, and how they affect individuals, businesses, and nations.

   • Centrally Planned Economy Definition

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   • IPI

     Industrial Production Index - IPI: The industrial production...

3. www.britannica.com › money › economic-growthEconomic growth | Definition, Examples, Measurement, Importance...

   www.britannica.com › money › economic-growth

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   Jun 28, 2024 · Economic growth is usually distinguished from economic development, the latter term being restricted to economies that are close to the subsistence level. The term economic growth is applied to economies already experiencing rising per capita incomes.

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5. www.investopedia.com › economy-4689801Economy - Investopedia

   www.investopedia.com › economy-4689801

   • Cached

   3 days ago · The economy is the total of all activities related to the production, sale, distribution, exchange, and consumption of limited resources by a group of people living...

6. www.investopedia.com › terms › eEconomic Efficiency: Definition and Examples - Investopedia

   www.investopedia.com › terms › e

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   6 days ago · Economic efficiency is an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste.

7. www.merriam-webster.com › dictionary › the economyThe economy Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › the economy

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   Jun 22, 2024 · noun. : the system in one's country of producing, buying, and selling goods. People are worried about (the state of) the economy. Examples of the economy in a Sentence. Recent Examples on the Web This week’s must-read: How Americans perceive the economy has changed since before the COVID-19 pandemic.

8. en.wikipedia.org › wiki › Glossary_of_economicsGlossary of economics - Wikipedia

   en.wikipedia.org › wiki › Glossary_of_economics

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   4 days ago · This glossary of economics is a list of definitions of terms and concepts used in economics, its sub-disciplines, and related fields.

9. en.wikipedia.org › wiki › Economic_growthEconomic growth - Wikipedia

   en.wikipedia.org › wiki › Economic_growth

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   2 days ago · Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [1] . Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). [2]