Definition of “economic” - English Dictionary

“economic” in British English

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economicadjective

uk /iː.kəˈnɒm.ɪk/ /ek.əˈnɒm.ɪk/ us /iː.kəˈnɑː.mɪk/ /ek.əˈnɑː.mɪk/

economic adjective (COUNTRY'S ECONOMY)

B2 [ before noun ] relating to trade, industry, and money:

The country has been in a very poor economic state ever since the decline of its two major industries.
The government's economic policies have led us into the worst recession in years.

More examples

economic adjective (MAKING A PROFIT)

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.

(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 /ˌiːkəˈnɒmɪk, ˌekəˈnɒmɪk/ us

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/reform
economic benefits/interests These laws serve to protect our long-range security and economic interests.
economic factor/issue/problem
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.
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

(Definition of “economic” from the Cambridge Business English Dictionary © Cambridge University Press)