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economic

economic

52 3.4
Making money or saving more than it costs
  • adjective
  • /ˌiːkəˈnɑːmɪk/
translation icon : rentable
  • In the end, however, he justified his decision to buy in purely economic terms.
  • an economic benefit
  • an economic loss
  • economic value

What what, What are the tremendous economic wins?

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Examples

  • And don't do things that don't make economic sense only for tax reasons.

  • Does it make economic sense to rent a car like I rent an apartment?

  • The answer is pretty simple and that it typically makes economic sense.

  • But a track of this length makes little economic sense.

  • And one of the things that I have always focused in on is the economic benefits of doing that.

  • Oh, that would be great if it makes any economic sense.

  • It's nice to hear an economic success story in these hard times.

  • Higher energy prices increased incentives for and potential economic gains from greater domestic exploration and production.

    Academic text (1990)
  • So cranberry farmers bore the brunt of economic loss when this was discovered.

  • Investing in renewable energy sources is an economic choice for reducing long-term costs.

Synonyms

profitable
vseconomic
191 3.8

Makes more money than it costs

also applies when saving money is the main aim
lucrative
vseconomic
105 5.6

Making a lot of money from work or business

applies more generally rather than promising unusually large returns
cost-effective
vseconomic
49 3.9

Gives good results while using little money

also covers activities aimed at making more income rather than saving
gainful
vseconomic
7 4.9

Work or activity that makes money for you

also covers cases focused on cutting spending rather than making money
cost-efficient
vseconomic
5 3.8

Gives good results while using little money

is broader, including ventures whose main goal is earning income
moneymaking
vseconomic
3.6

Likely to earn money

is about real benefit or cost saving rather than mere intention

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 Profitable

lucrative
105 5.6
profitable
191 3.8
economic
52 3.4
unprofitable
11 4.9

Surface Forms

economic positive
economical positive

Morphology

economic = economy (semi-transparent) = econom + ic

The sense 'profitable or cost-effective' is an extended/derived meaning from 'economy' (concern with cost), so the link is plausible but involves pragmatic extension.

Etymology

Economic comes from the Greek oikos ('house') and nomos ('manage'), and it originally meant running a household so it saves or makes money, like in economy or economical. So, economic can mean 'profitable' or 'cost-effective'—good for saving or making money.