Economic: meaning, definitions and examples

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economic

 

[ ɛkəˈnɑmɪk ]

Adjective / Noun
Oxford 3000
Context #1 | Adjective

global economy

Relating to the economy, especially as an area of study dealing with the production, distribution, and consumption of goods and services.

Synonyms

financial, fiscal, monetary

Examples of usage

  • The economic impact of the pandemic has been significant worldwide.
  • Economic policies are crucial in shaping the future of a country.
Context #2 | Noun

economic theory

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Synonyms

economics, economy, financial science

Examples of usage

  • Studying economic theory helps us understand the workings of markets.
  • Economic theory provides insights into how societies allocate resources.

Translations

Translations of the word "economic" in other languages:

🇵🇹 econômico

🇮🇳 आर्थिक (ārthik)

🇩🇪 wirtschaftlich

🇮🇩 ekonomi

🇺🇦 економічний

🇵🇱 ekonomiczny

🇯🇵 経済的 (keizai-teki)

🇫🇷 économique

🇪🇸 económico

🇹🇷 ekonomik

🇰🇷 경제의 (gyeongje-ui)

🇸🇦 اقتصادي (iqtisadiy)

🇨🇿 ekonomický

🇸🇰 ekonomický

🇨🇳 经济的 (jīngjì de)

🇸🇮 ekonomski

🇮🇸 efnahagslegur

🇰🇿 экономикалық (ėkonomikalyq)

🇬🇪 ეკონომიკური (ekonomikuri)

🇦🇿 iqtisadi

🇲🇽 económico

Etymology

The word 'economic' originated from the Greek word 'oikonomikos', meaning 'frugal' or 'management of a household'. It evolved to encompass the broader concept of managing resources on a larger scale, such as in businesses, nations, and global systems. The term has been used in various contexts throughout history, reflecting changing economic systems and theories.

See also: economical, economics, economizer, macroeconomy.

Word Frequency Rank

With position #338, this word is vital for basic English fluency. It appears very frequently in everyday language and should be among the first words you learn and actively use.