economic (B2)

adjective

Pronunciation: /ˌiːkəˈnɒmɪk/, /ˌɛkəˈnɒmɪk/

Definition

Relating to trade, industry, and the management of money.

Examples

• The company's economic situation is very strong.

• We need to consider the economic impact of the new policy.

• She is studying economic history at university.

How to Use economic

economic growth (collocation)

An increase in the amount of goods and services produced by a country or region. — "The country has experienced steady economic growth for the past decade."

economic crisis (collocation)

A period of severe financial difficulty for a country or region. — "The global economic crisis led to widespread job losses."

economic development (collocation)

The process by which a nation improves the economic, political, and social well-being of its people. — "Sustainable economic development is crucial for long-term prosperity."

economic impact (collocation)

The effect of an event or action on the economy. — "We need to assess the economic impact of the new trade agreement."

Synonyms of economic

Words with a similar meaning to economic:

• financial
• monetary
• fiscal
• commercial

Antonyms of economic

Words with the opposite meaning to economic:

• uneconomic
• uneconomical

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