economic
2
3.7
- adjective
- /ˌiːkəˈnɑːmɪk/
:
eficiente
- Before the crisis, policymakers tended to downplay social insurance and safety net programs in favor of strategies that emphasized economic efficiency.
- economic efficiency
Examples
-
For example, reforms that improve industrial or energy efficiency tend to reduce both economic waste and environmental pollution.
Academic text (1996) -
In terms of safety and environmental friendliness and economic efficiency, shale gas is about the best thing going in the world right now.
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Economic use of floor space is a strategy used for increasing the amount of meat produced per unit area.
Academic text (2014) -
It's an OK chair, but it's not economic in the slightest.
-
They will achieve technical efficiency, but never economic efficiency or success.
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Inasmuch as disclosure requirements correct a market imperfection attributable to misperceptions or lack of information, the regulations promote economic efficiency.
Academic text (1995) -
The new plan aims to ensure that every project is completed with economic efficiency to maximize resource use.
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To stay competitive, companies must adopt economic practices that minimize waste while maximizing profit.
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The government is looking for economic solutions that will reduce costs without sacrificing quality.
Synonyms
49
3.9
Gives good results while using little money
23
3.8
Not using much money or resources and avoiding waste
5
3.8
Gives good results while using little money
Antonyms
Compounds
63
3.7
A period when a country's economy becomes very weak and many people lose jobs
62
3.4
A process in which a region or country becomes richer and people live better
33
3.9
The way a country organizes how it makes, shares, and uses goods and services
20
3.7
The state of jobs, prices, and business activity in a country at a particular time
- Formal
11
4.2
A group of government economists who help the President of the United States make decisions about the economy
- 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
3
4.0
A person who studies and gives advice about how a country's money and businesses work
1
3.9
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
- Formal
1
4.2
A United Nations body that coordinates economic and social programs
1
3.7
The study of how people and countries make, share, and use goods and services
- 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
- Formal
Organizing a country's money, factories, and workers for war or national emergency
- Specialized
Extra money earned from land or another resource above what is needed to keep using it
- Specialized
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
- Formal
A plan for how countries work together to manage money and trade
How Economical
Surface Forms
Morphology
Etymology
Economic comes from the Greek oikos ('house') and nomos ('manage'), a picture of using what you have at home without waste, like careful packing or saving. So, economic can mean using the minimum needed and avoiding waste.