economic meaning and definition

ECONOMIC adjective

Definition of economic (adjective)

1. of or relating to an economy, the system of production and management of material wealth
   • "economic growth"; "aspects of social, political, and economical life"
   • synonyms: economical
2. of or relating to the science of economics
   • "economic theory"
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"
   • synonyms: economical
4. 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"
5. 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"