Economic definition

Economic





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3 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Economic \E`co*nom"ic\ (?; 277), Economical \E`co*nom"ic*al\, a.
     [F. ['e]conomique, L. oeconomicus orderly, methodical, Gr. ?
     economical. See {Economy}.]
     1. Pertaining to the household; domestic. "In this economical
        misfortune [of ill-assorted matrimony.]" --Milton.
        [1913 Webster]


  
     2. Relating to domestic economy, or to the management of
        household affairs.
        [1913 Webster]
  
              And doth employ her economic art
              And busy care, her household to preserve. --Sir J.
                                                    Davies.
        [1913 Webster]
  
     3. Managing with frugality; guarding against waste or
        unnecessary expense; careful and frugal in management and
        in expenditure; -- said of character or habits.
        [1913 Webster]
  
              Just rich enough, with economic care,
              To save a pittance.                   --Harte.
        [1913 Webster]
  
     4. Managed with frugality; not marked with waste or
        extravagance; using the minimum of time or effort or
        resources required for effectiveness; frugal; -- said of
        acts; saving; as, an economical use of money or of time;
        an economic use of home heating oil. [WordNet sense 3]
        [1913 Webster + WordNet 1.5]
  
     5. of or pertaining to the national or regional economy;
        relating to political economy; relating to the means of
        living, or the resources and wealth of a country; relating
        to the production or consumption of goods and services of
        a nation or region; as, economic growth; economic
        purposes; economical truths; an economic downturn.
        [1913 Webster]
  
              These matters economical and political. --J. C.
                                                    Shairp.
        [1913 Webster]
  
              There was no economical distress in England to
              prompt the enterprises of colonization. --Palfrey.
        [1913 Webster]
  
              Economic questions, such as money, usury, taxes,
              lands, and the employment of the people. --H. C.
                                                    Baird.
        [1913 Webster]
  
     6. Regulative; relating to the adaptation of means to an end.
        --Grew.
        [1913 Webster]
  
     7. of or pertaining to economics. economic theory
        [WordNet 1.5]
  
     8. profitable. Opposite of {uneconomic}. [WordNet sense 4]
        [WordNet 1.5 +PJC]
  
     9. avoiding waste; as, an economical meal. Opposite of
        {wasteful}.
  
     Syn: frugal, scotch, sparing, stinting, thrifty.
          [WordNet 1.5]
  
     Note: Economical is the usual form when meaning frugal,
           saving; economic is the form commonly used when meaning
           pertaining to the management of a household, or of
           public affairs.
           [1913 Webster]

From WordNet (r) 2.0 [wn]:

  economic
       adj 1: of or relating to an economy, the system of production and
              management of material wealth; "economic growth";
              "aspects of social, political, and economical life"
              [syn: {economical}]
       2: of or relating to the science of economics; "economic
          theory"
       3: concerned with worldly necessities of life (especially
          money); "he wrote the book primarily for economic
          reasons"; "gave up the large house for economic reasons";
          "in economic terms they are very privileged"
       4: financially rewarding; "it was no longer economic to keep
          the factory open"; "have to keep prices high enough to
          make it economic to continue the service"
       5: using the minimum of time or resources necessary for
          effectiveness; "an economic use of home heating oil"; "a
          modern economical heating system"; "an economical use of
          her time" [syn: {economical}]

From Moby Thesaurus II by Grady Ward, 1.0 [moby-thes]:

  57 Moby Thesaurus words for "economic":
     Scotch, budget, budgetary, canny, careful, chary, cheap,
     cheeseparing, commercial, conserving, easy, economizing, economy,
     financial, fiscal, forehanded, frugal, inexpensive, labor-saving,
     low, low-priced, manageable, mercantile, moderate, modest,
     monetary, money-saving, nominal, parsimonious, pecuniary,
     penny-wise, politico-economic, productive, profitable, provident,
     prudent, prudential, reasonable, remunerative, saving, scrimping,
     sensible, shabby, shoddy, skimping, socio-economic, solvent, spare,
     sparing, thrifty, time-saving, token, trade, unexpensive,
     unwasteful, within means, worth the money
  
  

















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