economic Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “economic” in the English Dictionary

"economic" in British English

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economicadjective

uk   /iː.kəˈnɒm.ɪk/ /ek.ə-/  us   /-ˈnɑː.mɪk/
  • economic adjective (COUNTRY'S ECONOMY)

B2 [before noun] relating to ​trade, ​industry, and ​money: The ​country has been in a very ​poor economic ​stateever since the ​decline of ​its two ​majorindustries. The government's economic policies have ​led us into the ​worstrecession in ​years.

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  • economic adjective (MAKING A PROFIT)

making a ​profit, or ​likely to make a ​profit: We had to ​closeour London ​office - with the ​rent so high it just wasn't economic.
(Definition of economic from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"economic" in American English

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economicadjective

 us   /ˌI·kəˈnɑm·ɪk, ˌek·ə-/
relating to ​trade, ​industry, and ​money: economic ​growth/​policies
economically
adverb [not gradable]  us   /ˌI·kəˈnɑm·ɪ·kli, ˌek·ə-/
(Definition of economic from the Cambridge Academic Content Dictionary © Cambridge University Press)

"economic" in Business English

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economicadjective

uk   us   /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 ​unemploymentlevels during the economic ​boom.economic downturn/slowdown The government-subsidized ​corporation may ​run into trouble in an economic ​downturn.economic collapse/crisis/depression This ​legislationaims to ​pull the country out of economic ​crisis by giving ​taxbreaks 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 ​lawsserve to ​protect our ​long-rangesecurity and economic ​interests. economic ​data/​figures/​statistics economic ​factor/​issue/problem economic ​equality/​inequality/​justice They discussed the consequences of the ​bankingcrisis for US economic ​policy. The Chancellor's ​chief economic ​adviser yesterday made what might be his last ​budgetbriefing to journalists. She warned this would ​lead to a ​decline in economic ​performance and ​poorerpublicservices. Government-led ​investment in ​infrastructure and ​technologyaims to ​boostindividualconsumption and economic ​competitiveness. Some consider the ​foundations of economic freedom to be ​personalchoice, ​voluntaryexchange, and ​openmarkets. We could put more ​pressure on the ​privatesector 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 ​buyofficesupplies in ​bulk.
See also
(Definition of economic from the Cambridge Business English Dictionary © Cambridge University Press)
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“economic” in American English

“economic” in Business English

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