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economic

economic

3.7
About money, trade, jobs, and how a country or business uses resources
  • adjective
  • /ˌiːkəˈnɑːmɪk/
translation icon : económico
  • Many families are struggling due to the recent economic downturn that has affected their incomes.
  • economic growth
  • economic development
  • political and economic

So we can start by thinking in economic or social terms.

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Examples

  • Any successful organization or movement needs to adapt to social, political, economic, and technological developments.

    Academic text (2017)
  • Students will develop an understanding of the cultural, social, economic, and political effects of technology.

    Academic text (2012)
  • So we can start by thinking in economic or social terms.

  • Do you have any larger economic concerns about this, though?

  • But then in the US, we focused on the economic impact of climate.

  • We are living in a time of global economic transition.

  • Oil is really almost the only economic game in Iraq these days.

  • A future of economic growth, freedom, and happiness.

  • It's not about economic chaos or political uncertainty.

  • Indeed, these measures helped in addressing the social and economic issues plaguing the country.

    Academic text (2017)

Synonyms

financial
vseconomic
3.2

About money, banks, and how people manage it

covers money and resource use generally beyond banking and investments
economical
vseconomic
1 3.7

About a country's economy, especially its production and money

focuses on money use and resource allocation rather than whole production systems

Compounds

176 2.9

An increase in the goods and services a country makes over time

A period when a country's economy becomes very weak and many people lose jobs

A process in which a region or country becomes richer and people live better

A government's plan for taxes, public spending, and job growth

The way a country organizes how it makes, shares, and uses goods and services

The state of jobs, prices, and business activity in a country at a particular time

A group of government economists who help the President of the United States make decisions about the economy

economic theory
  • Specialized
11 4.7

A set of ideas that explain how goods, services, and money move in an economy

10 3.2

People give money to help a country, organization, or person improve their economy

A difference in how money and goods are shared between people or groups

economic value
  • Specialized
5 3.3

The amount of money something is worth when it is bought or sold

Money and resources given to help people and countries with their economy

A prediction of how the economy will be in the near future

A plan of actions to manage and improve a country's or company's economy

A person who studies and gives advice about how a country's money and businesses work

Basic systems like roads, ports, power, and water that a country needs for its economy

An organization of European countries set up in 1957 that later became the European Union

A group of people with similar income, job and education levels

A United Nations body that coordinates economic and social programs

A set of actions that make, move, and sell goods and services in a country

The study of how people and countries make, share, and use goods and services

economic geography
  • Specialized
1 4.9

The study of where people make, move, and use goods and services

A group set up by the UN Economic and Social Council to study and advise on economic or social issues

A person who wants people to have as much economic freedom as possible and little government control

Organizing a country's money, factories, and workers for war or national emergency

economic rent
  • Specialized
8.2

Extra money earned from land or another resource above what is needed to keep using it

Cutting off trade and money to a country to hurt its economy

economic consumption
  • Specialized
5.7

The use of goods and services to meet needs or make other goods

A United Nations group that helps African countries develop their economies

A UN group that helps Asian and Far Eastern countries develop their economies

An organization in the United Nations that helps European countries work together on economic matters

A United Nations group that helps Latin American countries grow their economies

A study of things from the earth that people use, like minerals, ores, and fuels

An indicator that shows how well a country's economy is doing

A plan for how countries work together to manage money and trade

How Financial

financial
3.2
chrematistic
  • Formal
9.9
economic
3.7
commercial
491 3.4
nonfinancial
1 4.6

Surface Forms

economic positive

Morphology

economic = economy (transparent) = econom + ic

Meaning 'relating to the economy' is directly derived from 'economy' + the adjectival suffix '-ic', so the connection is clear to learners.

Etymology

Economic comes from the Greek words oikos ('house') and nomos ('manage'), because the idea began with managing a household's money and goods. So, economic today often means things that relate to the economy, money, or the use of resources.