Cool MateEconomic
UK /["/ˌiːkəˈnɒmɪk//ˌekəˈnɒmɪk/"]/US /["/ˌiːkəˈnɑːmɪk//ˌekəˈnɑːmɪk/"]/
Definition
connected with the trade, industry and development of wealth of a country, an area or a society
In simple words: Related to money, business, and trade.
Examples
- The economic growth in the country has led to more job opportunities.
- Many families are struggling due to the current economic crisis.
- He studied economic theories to understand the market better.
- The government proposed economic reforms to improve living standards.
- She attends workshops to learn about sustainable economic practices.
Usage notes
Use in contexts discussing finance, markets, and public policy. Avoid in casual conversations, where simpler terms might be better.
Grammar pattern
economic + noun
Memory hint
Think of 'echo' + 'nomics' - imagine money echoing in a market.
Collocations
- economic growth
- economic policy
- economic impact
- economic stability
- economic development
Synonyms
- profitable
Antonyms
- uneconomic
- nonviable
Common mistakes
- Confused with 'economical', which refers to saving money.
- Using it inappropriately in non-financial contexts.
- Spelling errors like 'econommic'.