Economic: meaning, definitions and examples

Although spelled the same, context can change slightly. Here it's typically used when discussing the economy in relation to the efficiency and principles of economics.

• The study focused on the economic impacts of climate change
• Proper economic planning can lead to sustainable development

This term should be used when talking about money management, investments, banking, and the financial performance of entities like companies, markets, or individuals.

• The company is facing financial difficulties and might need a bailout
• She works as a financial analyst at a major bank

Use this word when discussing currency, money supply, and the role of central banks in regulating these aspects. It is often used in the context of policies that affect the national or global economy.

• The central bank decided to tighten its monetary policy to control inflation
• There are discussions about the effects of monetary stimulus on economic recovery

This word is related to government revenue and expenditure, budgeting, and taxation policies. It often refers to public finance and how the government manages its funds.

• The fiscal policy this year includes increased infrastructure spending
• The mayor proposed a new fiscal plan to manage the city's budget more effectively

Used as an adjective to describe something related to the economy or the field of economics.

• The government is implementing new economic policies to stimulate growth.
• He studied the economic impact of the pandemic.

Refers to the social science that studies production, distribution, and consumption of goods and services.

• She decided to major in economics at university.
• Economics helps us understand market behaviors.

Refers to the system of production, distribution, and consumption of goods and services in a particular region or country.

• The economy is showing signs of recovery.
• Many people are worried about the state of the national economy.

Refers to the field of study dealing with investments, capital markets, and the management of financial institutions.

• He has a PhD in financial science.
• Financial science is crucial for understanding complex market phenomena.