Economic (Adjective)
Meaning 1
Financially rewarding; "it was no longer economic to keep the factory open"; "have to keep prices high enough to make it economic to continue the service".
Classification
All adjective clusters.
Examples
- It was no longer economic to keep the factory open due to rising production costs and decreasing demand.
- The company had to keep prices high enough to make it economic to continue the service, but this made it unaffordable for many customers.
- The new business model was designed to be economic and sustainable, with a focus on reducing waste and increasing efficiency.
- After conducting a cost-benefit analysis, the investors decided that it was not economic to pursue the project further.
- The airline had to increase ticket prices to make it economic to operate the route, but this led to a decline in passenger numbers.
Meaning 2
Of or relating to the science of economics; "economic theory".
Classification
Relational adjectives (pertainyms).
Related Words
Meaning 3
Using the minimum of time or resources necessary for effectiveness; "an economic use of home heating oil"; "a modern economical heating system"; "an economical use of her time".
Classification
All adjective clusters.
Examples
- The company's new manufacturing process is an economic use of raw materials, reducing waste and increasing efficiency.
- She made an economical use of her small kitchen by installing a compact refrigerator and a microwave.
- The new public transportation system is designed to be an economic use of fuel, reducing emissions and operating costs.
- The family installed an economical heating system that uses solar power to supplement their traditional heating source.
- The chef's economical use of ingredients allowed her to create a delicious meal with minimal food waste.
Synonyms
Related Words
Meaning 4
Of or relating to an economy, the system of production and management of material wealth; "economic growth"; "aspects of social, political, and economical life".
Classification
Relational adjectives (pertainyms).
Examples
- The economic downturn had a significant impact on the country's unemployment rate.
- The company's economic success was largely due to its innovative marketing strategies.
- The government's economic policies aimed to stimulate growth and reduce poverty.
- The economic benefits of investing in renewable energy are becoming increasingly clear.
- The city's economic development was hindered by a lack of investment in infrastructure.
Synonyms
Related Words
Meaning 5
Concerned with worldly necessities of life (especially money); "he wrote the book primarily for economic reasons"; "gave up the large house for economic reasons"; "in economic terms they are very privileged".
Classification
All adjective clusters.
Examples
- She chose a practical car for economic reasons rather than a fancy sports model.
- He sold his second home for economic reasons, the cost of upkeep was too high.
- They relocated to the city for economic opportunities, leaving their rural hometown behind.
- Her economic struggles were well-documented, she often wrote about living below the poverty line.
- He pursued a high-paying job for economic security, prioritizing financial stability over personal fulfillment.