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English definition of “economic”

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economic

adjective
 
 
/ˌiːkəˈnɒmɪk, ˌekəˈnɒmɪk/
ECONOMICS relating to trade, industry, and money: economic conditions/situation The plan also recognized the need to react to the challenging economic conditions facing football clubs around the world.economic boom/expansion/upswing Employers faced record-low unemployment levels during the economic boom.economic downturn/slowdown The government-subsidized corporation may run into trouble in an economic downturn.economic collapse/crisis/depression This legislation aims to pull the country out of economic crisis by giving tax breaks for companies to hire more workers.economic recovery/regeneration He was instrumental in providing the framework for post-war economic recovery. economic change/reformeconomic benefits/interests These laws serve to protect our long-range security and economic interests. economic data/figures/statistics economic factor/issue/problem economic equality/inequality/justice They discussed the consequences of the banking crisis for US economic policy. The Chancellor's chief economic adviser yesterday made what might be his last budget briefing to journalists. She warned this would lead to a decline in economic performance and poorer public services. Government-led investment in infrastructure and technology aims to boost individual consumption and economic competitiveness. Some consider the foundations of economic freedom to be personal choice, voluntary exchange, and open markets. We could put more pressure on the private sector to create more economic opportunities for minorities.
COMMERCE making a profit, or likely to make a profit: We had to close our London office - with the rent so high it just wasn't economic.
NATURAL RESOURCES not using a lot of money, fuel, etc.: It's often more economic to buy office supplies in bulk. →  See also economical
(Definition of economic from the Cambridge Business English Dictionary © Cambridge University Press)
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