Economic
/ɪˌkɒnəˈmɪk/
Definitions
- (adj.) Relating to the economy or the management of resources and finances.
The government announced new economic policies to boost growth.
- (adj.) Producing good results without costing a lot; efficient or cost-effective.
Buying in bulk is often more economic than purchasing small quantities.
Forms
- economics
Related terms
Commentary
Use 'economic' to describe matters related to economy or resource management; distinguish from 'economical', which emphasizes cost-effectiveness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.