Economic — Meaning, Definition & Synonyms

adjective /ˌe-kə-ˈnä-mik/ eco·nom·ic

Meaning & Definition of Economic

Economic (adjective)

  1. of, relating to, or based on the production, distribution, and consumption of goods and services
  2. of or relating to an economy
  3. of or relating to economics

Economic (adjective) — Senses, Synonyms & Antonyms

  1. yielding a profit

    "unfortunately, raising employees' salaries would not be economic—the business would have to fold"

    similar: fat, gainful, juicy, lucrative, money-spinning (chiefly British), moneymaking, paying, profitable, remunerative
    related: advantageous, beneficial, favorable, rewarding, useful, worthwhile, bankable
    opposite: unprofitable
    near: disadvantageous, unfavorable

Related Entry: Economical (adjective)

Economical is a different word from Economic. The synonyms below are for economical, not for economic.

  1. careful in the management of money or resources

    "we have to be economical in our use of the camp's limited supply of electricity"

    similar: economizing, frugal, provident, scrimping, sparing, thrifty
    related: conserving, preserving, saving, forehanded, foresighted, foresightful, prudent, penny-wise, cheap, close, closefisted, mean, miserly, parsimonious, penny-pinching, penurious, pinching, spare, stingy, stinting, tight, tightfisted
    opposite: prodigal, profligate, spendthrift, squandering, thriftless, unthrifty, wasteful
    near: improvident, shortsighted, bountiful, charitable, freehanded, generous, liberal, munificent, openhanded, unselfish, unsparing, extravagant, indulgent, lavish

Synonyms, Thesaurus & Another Word for Economic

The most common words with a similar meaning to Economic:

Chiefly British: money-spinning
fat, gainful, juicy, lucrative, moneymaking, paying, profitable, remunerative

Antonyms & Opposite Words for Economic

Words with the opposite meaning of Economic:

unprofitable

Related Words for Economic

advantageous, beneficial, favorable, rewarding, useful, worthwhile, bankable

Near Antonyms of Economic

disadvantageous, unfavorable

Origin & Etymology of Economic

borrowed from Middle French & Medieval Latin; Middle French yconomique "relating to domestic affairs, relating to the management of a household," borrowed from Medieval Latin oeconomicus (Latin as the title of Xenophon's dialogue Oeconomicus), borrowed from Greek oikonomikós "of a householder or manager, practiced in household or financial management," from oikonómos "manager of a household, steward" + -ikos -ic:1 economy:1

First known use: 1599

Vocabulary Lists & Topics for Economic

Words & Phrases Containing Economic

economical, economic nationalism, economic rent, anti-economic, exclusive economic zone, geoeconomics, socioeconomic

Frequently Asked Questions about Economic

What does "Economic" mean?

"Economic" means of, relating to, or based on the production, distribution, and consumption of goods and services. As an adjective, it is defined as: of, relating to, or based on the production, distribution, and consumption of goods and services.

What is another word for "Economic"?

Other words for "Economic" include fat, gainful, juicy, lucrative, money-spinning, moneymaking, paying and profitable. The best synonym depends on which meaning of "Economic" you intend.

What are different ways to say "Economic"?

There are 16 words and phrases with a similar meaning to "Economic". Common alternatives include fat, gainful, juicy, lucrative, money-spinning, moneymaking, paying, profitable and remunerative.

What is the opposite of "Economic"?

Antonyms of "Economic" include unprofitable. Near antonyms include disadvantageous and unfavorable.

How do you use "Economic" in a sentence?

Examples of "Economic" in a sentence: "unfortunately, raising employees' salaries would not be economic—the business would have to fold".

Is "Economic" a noun, verb, or adjective?

"Economic" is an adjective.

Is "Economic" useful for IELTS, TOEFL, and other English exams?

As a B1-level word, "Economic" is typical of Cambridge B1 Preliminary (PET), IELTS band 4.0–5.0, TOEFL iBT 42–71, PTE Academic 43–58, TOEIC Listening & Reading 550+. It is on the Academic Word List, so it appears often in IELTS Academic, TOEFL iBT, PTE Academic, and university texts.

How do you pronounce "Economic"?

"Economic" is pronounced /ˌe-kə-ˈnä-mik/ and divided into syllables as eco·nom·ic.