B1adjective1K

Economic

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'.