ECONOMIC

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 Dictionary entry overview: What does economic mean? 

• ECONOMIC (adjective)
  The adjective ECONOMIC has 5 senses:

1. of or relating to an economy, the system of production and management of material wealth

2. of or relating to the science of economics

3. using the minimum of time or resources necessary for effectiveness

4. concerned with worldly necessities of life (especially money)

5. financially rewarding

  Familiarity information: ECONOMIC used as an adjective is common.

 Dictionary entry details 

• ECONOMIC (adjective)

Sense 1

Meaning:

Of or relating to an economy, the system of production and management of material wealth

Classified under:

Relational adjectives (pertainyms)

Synonyms:

economic; economical

Context example:

aspects of social, political, and economical life

Pertainym:

economy (the system of production and distribution and consumption)

Derivation:

economy (the system of production and distribution and consumption)

Sense 2

Meaning:

Of or relating to the science of economics

Classified under:

Relational adjectives (pertainyms)

Context example:

economic theory

Pertainym:

economics (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)

Derivation:

economy (the system of production and distribution and consumption)

Sense 3

Meaning:

Using the minimum of time or resources necessary for effectiveness

Synonyms:

economic; economical

Context example:

an economical use of her time

Similar:

efficient (being effective without wasting time or effort or expense)

Derivation:

economy (the efficient use of resources)

Sense 4

Meaning:

Concerned with worldly necessities of life (especially money)

Context example:

in economic terms they are very privileged

Similar:

secular; temporal; worldly (characteristic of or devoted to the temporal world as opposed to the spiritual world)

Derivation:

economy (an act of economizing; reduction in cost)

Sense 5

Meaning:

Financially rewarding

Context example:

have to keep prices high enough to make it economic to continue the service

Similar:

profitable (yielding material gain or profit)

 Context examples 

It includes the economic and financial impact of disease in general on the patient, the physician, society, or government.

(Medical Economics, NCI Thesaurus)

But one of the study’s authors, Richard Fuller, said pollution is tied to slow economic development in wealthy and poor nations.

(Pollution is the World’s No. 1 Killer, VOA)

By 2030, 14.5 million people will have end-stage kidney disease (ESKD) but only 5.4 million will receive the treatment they need, due to economic, social, and political factors.

(Managing diabetes key to lowering kidney disease, SciDev.Net)

On the whole, tropical deforestation generates large economic losses and subsequent erosion from conversion was not even factored into the analysis.

(Most countries lose out with forest-to-farm conversions, SciDev.Net)

Thus, in his development, Martin found himself face to face with economic morality, or the morality of class; and soon it became to him a grisly monster.

(Martin Eden, by Jack London)

The Health Care Delivery Study is one that focuses on economic and social effects of health care practice and delivery.

(Health Care Delivery Study, NCI Thesaurus)

In them, no economic activity is allowed—no matter how sustainable—except tourism and scientific research.

(Brazilian savanna unprotected, study finds, Agência Brasil)

"It's notable because historians led this effort and asked historical questions that focused on the potential social and economic effects of plague."

(Justinianic plague not a landmark pandemic?, National Science Foundation)

A demographics parameter useful for identifying socio-economic groups.

(Number of Children in Household, NCI Thesaurus)

If you are a journalist, you may be writing about world economic forecasts or the markets.

(AstrologyZone.com, by Susan Miller)