English Lexicon

Economic

/ˌiː.kəˈnɒ.mɪk/
adjectiveCEFR B2 (Upper)Top #500 frequency
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Comprehensive Definitions & Senses

2 senses
As adjective
  1. 1

    Relating to the production, consumption, and transfer of wealth.

    "The government implemented new economic policies to stimulate growth."
  2. 2

    Concerned with the efficient use of resources.

    "The project was designed to be economically viable and sustainable."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'economic' derives from the Greek word 'oikonomikos', which means 'pertaining to household management'. It evolved through Latin 'oeconomicus' and Middle French 'économique', reflecting shifts from domestic management to broader financial and resource management contexts in the 18th century.

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