Definition, Meaning & Synonyms
economically-sound
Adjective
/ɪˈkɒnəmɪkli saʊnd/
Definition
An adjective describing something that is financially viable, sustainable, and practical in terms of economic efficiency.
Examples
- The new business strategy proved to be economically sound, increasing profits while reducing costs.
- Investing in renewable energy is seen as an economically sound choice for future sustainability.
- The government implemented economically sound policies to ensure long-term financial stability.
Meaning
When a decision, policy, or investment is termed economically sound, it implies that it will produce beneficial results without unnecessary financial risk or excessive expenditures.
Synonyms
- Financially viable
- Economically feasible
- Sustainable
- Cost-effective
