economic

The word “economic” means relating to money, trade, industry, or the management of an economy. In plain terms, to do with money, trade, and how a country or business manages its resources.

“Economic” is pronounced ee-kuh-NO-mihk (/ˌɛkəˈnɑmɪk/ in IPA).

Here is “economic” used in a sentence: “The government announced new economic measures to fight inflation.”

“Economic” is an adjective.

The word “economic” comes from Greek. Ultimately from Greek oikonomikós, "skilled in household management," from oîkos ("house") plus nómos ("law" or "management") — the same root gave us "economy.".

“Economic” is a very common word in modern English, usually learned at around the B1 level.

“Economic” has 2 distinct senses listed in this dictionary. The most common is: relating to money, trade, industry, or the management of an economy.

Economic relates to the economy — trade, industry, and money on a large scale, as in "economic growth." Economical means thrifty or good value, saving money or resources, as in "an economical car." A country pursues economic policy; a shopper makes an economical choice. The endings look alike but the meanings differ sharply.

Economic refers to the broad system of production, trade, and wealth across a society. Financial is narrower, dealing specifically with money, funds, and investments. An economic crisis affects the whole economy, while a financial problem may trouble a single company or household. The two overlap but operate at different scales.

In everyday use, economic describes anything to do with how money, goods, and work are organised — jobs, prices, trade, taxes, and national wealth. News of "economic conditions" or an "economic downturn" refers to the overall health of the economy rather than one person's budget, which would be a financial or personal matter.