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English definition of “uneconomic”

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uneconomic

adjective uk   /ʌnˌiː.kəˈnɒm.ɪk/ /-ˌek.ə-/ us    /-ˈnɑː.mɪk/ ( also uneconomical )
Uneconomic businesses and industries are not making enough profit or are losing money: The minister maintained that the coal mines were uneconomic and would have to be closed. Uneconomic processes or activities waste money, time, or materials, and are likely to result in a loss of money.
(Definition of uneconomic from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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