Definition, Meaning & Synonyms
economically
adverb
/ˌiː.kəˈnɒm.ɪ.kli/
Definition
In a way that relates to the economy or finances.
Examples
- She manages her budget economically to save for her future.
- The company operates economically to maximize profits while minimizing waste.
- Investing in renewable energy can be economically beneficial in the long run.
Meaning
The term describes actions or policies that are efficient and judicious in the use of resources, particularly in relation to producing goods and services.
Synonyms
- efficiently
- prudently
- financially
- thriftily
