Economic: Definition, Usage & Common Examples

Meaning 1：related to the economy (economic)

economic 🔊

/ˌiːkəˈnɒmɪk/

adj.

Relating to how money, trade, and industry work in a country or area.

Economic concept illustration: hands exchanging money for goods at a vibrant market, symbolizing trade and commerce.

related to the economy 🔊

➕

/rɪˈleɪtɪd tʊ ði ɪˈkɒnəmi/

adj.

Pertaining to the production, distribution, and consumption of goods and services in a society or country.

📁 Category：Social Economy 🔖 Level：Intermediate

📘 Details & Usage

📖 Root Explanation

From Greek 'oikos' (house) + 'nomos' (management), meaning related to household or economy.

💡 Mnemonic

Think 'eco' (house) + 'nomic' (economics) to remember it's about financial systems.

📖 Example

The government introduced new policies to boost economic growth and create more jobs in technology sectors. 🔊 The government implemented new policies to enhance economic expansion and generate employment in technology industries.

🔗 Collocations

economic growth – Increase in a country's production and income

economic policy – Government strategies that influence the economy

economic crisis – A period of severe downturn in economic activity

🔄 Synonyms

financial (adj.) – Relating to money matters or transactions

fiscal (adj.) – Concerning government revenue, spending, and debt

monetary (adj.) – Pertaining to currency, banking, and money supply

🌱 Derivatives

economics (n.) – The social science that studies production, distribution, and consumption

economical (adj.) – Using resources efficiently without waste

economist (n.) – A person who specializes in the study of economics

📖 Cultural Story

Derived from Greek 'oikonomikos' (household management); evolved in English to describe financial systems of nations.