Economic
(adjective)
- Relating to the management of the resources of a community, country, or other area, especially with regard to its production, distribution, and consumption of goods and services.
- Relating to the study of the production and distribution of wealth, especially in a specific country or region.
Origin:
Mid 17th century: from french économique, from greek oikonomikos, from oikonomia "household management", from oikos "house" + nemein "manage".
Examples:
- The government's economic policy is aimed at reducing inflation.
- His research focuses on the economic history of 19th-century Britain.
- The region is facing an economic crisis due to rising unemployment.
- The economic sanctions have had a severe impact on the country's trade.
- Economic growth is essential for the well-being of the nation.