economic

Connected with money, trade, jobs, and how a country produces and uses goods.

• The country faces economic problems.
• Economic growth has created more jobs.
• How will these economic changes affect small businesses?

Common phrases: economic growth, economic policy, economic crisis, economic development

Earning or saving enough money to make an activity worth doing.

• The mine is no longer economic.
• Higher fuel prices made the service less economic.
• Would it be economic to repair the old equipment?

How to use it: economic to do something (It is no longer economic to operate this factory.)

Similar words: profitable, cost-effective, viable

Opposites: uneconomic, unprofitable

Common phrases: economic production, economic operation, remain economic